I started tracking my emotional fluctuations regarding NFT liquidity: when the floor drops, the narrative in the group immediately shifts from "artistic ideals" to "how to sell," which is quite realistic. Royalties are also very delicate; when trading volume is low, everyone complains that it drags things down, but when there's hype, they suddenly feel "creators need to eat," with the cold and hot switching faster than the market itself. Recently, I also heard about some regions increasing taxes and tightening compliance, leading to a tightening of deposit and withdrawal expectations, and many people have become more conservative even with their listings... Anyway, what I care about more now is: can the lively scene be converted into real cash flow, or is it just a nice story?