Today, the liquidity on the NFT side really looks like a road after the rain; it looks shiny, but stepping on it reveals whether it's slippery or not. The floor price can hold up mostly not because there are many good-looking pieces, but because the narrative hasn't cooled off yet; once community chat frequency drops, the floor starts to turn from "cloudy" to "light rain"... Royalties are also quite realistic; if you want liquidity, you have to give concessions, but in the end, if everyone only focuses on the floor, there's even less story to tell. Recently, people keep interpreting ETF capital flows, US stock risk appetite, and crypto price movements together, sounding like an upgraded weather forecast, but when it comes to NFTs, it's still that phrase: when the heat is gone, transactions just evaporate. Honestly, I now prefer to buy less for now and see if the road after the rain really dries up.