These past two days, I’ve been watching NFT liquidity, and it really is a one-look-at-the-floor-one-look-at-your-heartbeat kind of thing: no matter how low the floor is listed, if nobody picks it up, it’s only numbers; but the moment someone does, the “story” heats up right away again. Royalties are also pretty tangled—ideally, they’re supposed to help nurture the community; but in reality, everyone cares more about whether trades can go smoothly. If there are more orders, then gas gets higher and congestion gets worse too. I usually check active addresses and network congestion first before deciding whether to make a move. In the group, everyone keeps going back and forth over the same stuff about stablecoin regulation, reserve audits, and de-pegging rumors—once emotions start running hot, people will dare to charge at anything. Later, when I think about it, it’s pretty ridiculous. Anyway, I trust “slow down” more now: projects that are genuinely talking with the community tend to be clearer, and when it’s cold, it’s actually easier to see.