Last night, I came across a few old NFT groups, and they started discussing the floor again—and I felt a little dazed: the floor is clearly just a number, but once emotions cool down, it feels like it collapses, like it’s falling apart. Royalties are also pretty subtle—collecting more means fewer trades, collecting less feels like you’re drawing down creators’ and the community’s patience… To put it bluntly, when liquidity is poor, even the hottest narratives can easily turn into people just indulging themselves, with everyone waiting for “someone to step in first.” Recently, I’ve also heard that in some areas taxes are being adjusted and compliance is being tightened and loosened in turns, and the expectations for deposits and withdrawals keep getting pulled back and forth, so my hand is even less likely to hit confirm. Anyway, I’m not really chasing NFT floors anymore; I pay more attention to whether there are genuinely people still doing things in the groups and still willing to tell stories—otherwise it’s really just like water reflecting off the ground: it lights up briefly, then it’s gone.