Recently I’ve been watching the NFT floor price, and it’s pretty interesting. Some projects keep seeing their floor drop again and again, and royalties get discounted too, but the community on the other side seems more active—people are saying things like “make it through the winter.” The storytelling really matters, but let’s be blunt: if liquidity can’t keep moving up, slogans alone won’t hold for long. Personally, I care more about the parts you can actually receive—things like fee income or slippage compensation. At least those can be cashed in.

During that bout of extreme conditions around the funding rate, the community was arguing a lot. Some people said it was about to reverse, while others thought it was still just squeezing out the bubble. I’m with the latter, but I also can’t be too absolute, because market sentiment can change overnight. In any case, with the small position I have, I’ll just shift gradually when Gas is low—no chasing spikes, and I won’t try to catch the bottom. That’s it for now; I’ll keep observing.