After pulling up the floor again, I only then remembered to go check out NFTs—what a late entry, Larry… To put it plainly, once liquidity cools off, even a scorching narrative starts to feel like self-indulgence: the order book is paper-thin—hit it once and it just slides all the way down. The royalty issue is even more awkward: turning it on feels too expensive, turning it off makes me worry the project team won’t be able to eat. In the end, everyone just stares at the floor; no matter how loudly the community shouts, it can’t change the fact that no one is willing to take over / shoulder the positions—no one is going to take the bag. Lately, some people have been tying ETF fund flows and U.S. stock risk appetite to crypto’s ups and downs in their interpretations, and I’m looking at it and feeling a bit uneasy too. When my mood shifts, NFTs are exactly what gets bled first. Enough with the tough talk for now—I’ll revoke a few old authorizations first, so I don’t get tricked by my own FOMO again someday.

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