These days, I've been looking at a few old NFT floors again. When the narrative was hot, everyone was shouting loudly; once it cooled down, liquidity dried up as if drained, with a bunch of listings but very few actual transactions. Royalties are also quite awkward: if you don't charge them, the community says there's no money to keep going; if you charge high fees, people who flip will just go to zero-royalty platforms. Basically, no one wants to be the "good guy" taking the fall.

Why do I get itchy hands? Mainly because when I see the floor sitting still, I can't help but imagine, "If the next wave of narrative revival happens, I’ll get a bargain." This kind of gambling on whether the story will be told again is the most dangerous... So I stick to my exit plan: if I can accept poor liquidity, I keep a small position as a long-term hold; if I can't accept it, I stay away.

Additionally, recently some places have shifted towards higher taxes/compliance, and expectations for deposits and withdrawals have tightened. NFTs, which are more emotional, tend to cool off even faster. Anyway, I don’t want to argue with myself, so I’ll just leave it at that for now.