Recently, NFT liquidity really does feel a bit cold. The floor keeps dropping—so much so that you want to put the umbrella away. Royalties get changed back and forth so often that you don’t know whether to cry or laugh. The community’s narrative gets spun and traded again and again—like once the heat fades, it really just fades.

With things like this now, should we actually step in or not?
Anyway, I’m going to wait a bit longer. The on-chain data is kind of interesting: when funding rates get extremely out of whack, the community argues loudly. Will any reversal just keep squeezing out the bubbles, or will it keep going? Who knows. I’ll just watch for now—if there’s an opportunity, then I’ll make a move.