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The Punk NFT market has seen quite a few interesting phenomena recently. After an investor lost $500,000 on such projects, their attitude changed 180 degrees — from a holder to a staunch bear, even labeling themselves as a "bearish Punk." These investors typically predict that Punks should drop more than 70% from their current position. Interestingly, when someone bets with even odds that Punks will really fall 70%, they refuse and instead demand 5:1 odds before willing to bet. This contradictory attitude of "being bearish in words but cautious in practice" is not uncommon in the NFT community. When someone points out this inconsistency, they often throw a tantrum on social media. Behind this lies the complex psychology of NFT market participants after losses — openly criticizing the market may be a form of emotional venting, but when it comes to actually betting, they reveal their real market judgment.