Just checked the floor prices and open orders of a few old NFTs, and I feel like liquidity is really quite "emotional": when the narrative is hot, everyone talks about protecting creators' royalties; when things cool down, they start complaining about slow transactions and want to cut royalties to improve liquidity. Basically, everyone just wants to get out quickly. The community atmosphere is also very mysterious—if a few more people in the group say "we're still here," the floor price gets a bit firmer; if no one speaks, it’s like glass fogging up, and open orders become thinner and thinner.

By the way, I saw the debate about privacy coins/mixing coins and compliance flare up again—some treat it as a basic right, others see it as a minefield... I don’t really have a stance; anyway, the market now seems to favor things that can be "explained clearly."

Staring at the screen for a while made my eyes a bit sore, and my neck is stiff too. I’ll step back first, to avoid getting caught up in the emotional hype and chasing that illusion of "liquidity."