Recently looking at NFT liquidity, it’s really a bit like that box of cream in the fridge: whether the floor price can hold up often isn’t about “how good it looks,” but whether everyone is still willing to open the fridge…

The royalty part is even more awkward; if the royalty is high, traders hide; if it’s low, creators have no motivation to keep going, and in the end, it just becomes storytelling trying to prop up the hype.

When the community narrative heats up, the order book instantly thins out, everyone wants to wait for a higher price; when it cools down, the floor price is like a leaking pot, the more you patch, the more guilty you feel.
I now basically treat NFTs as a seasoning, with a very small position, sticking to stop-loss lines, not fighting emotions head-on.
Recently, the testnet incentives and points system have raised people’s appetite again, and once “mainnet will issue tokens” spreads, NFTs are also being used to ride the hype.
Anyway, I just treat it as noise for now.

What about you?