Just went through social media again, and I saw someone using line-drawing analysis on a large on-chain transfer—“smart money” is back again. Honestly, an anonymous address can be enough to infer direction: hot wallets at exchanges moving is a signal. So should those junk NFTs sitting in my bag—untouched and ignored—also be evaluated in terms of their odds?

Speaking of NFTs, liquidity has been pretty cold lately. Floor prices are dropping like a waterfall, yet some communities still keep shouting “faith.” Royalty mechanisms get cut again and again. The old playbook of propping up prices through narrative is getting harder and harder—when your listings can’t get sold, all the “consensus” doesn’t matter. I’m picky about projects like this: I’ll first check whether the contract has backdoors and whether it can be modified. I’m purely trying to avoid getting sliced up as a retail sheep.

But in the end, this liquidity squeeze actually leads to real value being underpriced—though it’s not telling you to bottom-fish. It’s a reminder to yourself: don’t rush to follow the trend. Anyway, I’ll stop here. With liquidity, hot can turn cold, and cold can still end up burning your hands.