These days, I’ve been comparing several NFT collections in spreadsheets again, and the more I look, the more I feel that liquidity is quite "emotional": the floor price looks stable, but when it cools down, the order book thickness directly turns into paper; when the royalty fee is adjusted, trading volume might immediately rebound, but if the community narrative isn’t continued, the hype only lasts a few days. Airdrop season has everyone checking in on task platforms to fight against witches, and the point system has turned the grab-and-raid crowd into a bunch of workers... Conversely, NFTs don’t have "tasks," making them easier to forget. Now, with so much information noise, my noise reduction strategy is one thing: only look at real transactions in the past 7 days + order book depth, treat other stories as background noise, don’t get carried away.