That old alarm clock on the table is running half a beat slow again, pretty much like how it feels to look at NFTs nowadays: the floor price still seems to be holding, but when you actually try to sell, you realize liquidity is actually very thin, with a bunch of listings, and only when you want to sell do you realize that the "floor" is just a psychological anchor.

Royalty issues are also awkward; honestly, everyone wants the community to stay alive and creators to make a living, but when the market cools down, people start calculating every cent of cost. When the narrative is hot, everyone is willing to support; when it cools off, all that's left is "can I get out." Recently, new L1/L2s are offering incentives to boost TVL, and veteran users complain about mining, selling, and dumping. I find it all too familiar: short-term hype can come, but whether it sticks around depends on whether people are really staying inside in the long run. Anyway, I still prefer layered small positions—don't get too caught up, taking it slow is fine.