This evening, I reviewed a few old NFTs. The floor prices look okay, but when it comes to selling, I realize liquidity is still thin. As I keep listing, I start to doubt myself: is it a price issue or simply that no one is interested? The royalty situation is also quite awkward—too high and buyers are turned off, too low and the community feels like they don’t have money to tell stories... Honestly, the narrative has cooled down, and even those willing to pay a bit more are fewer. Recently, everyone’s talking about rate cut expectations, the dollar index, and such; when risk assets rise and fall together, NFTs tend to follow the mood more. When it’s hot, they sell quickly; when it’s cold, it’s even harder to unload. Anyway, I keep reminding myself for the third time: keep the position small, better to earn less than to be dragged down emotionally by a single picture. That’s all for now.