These days, browsing mempool feels a bit like watching an ECG of macro sentiment… When interest rates tighten, everyone's risk appetite shrinks accordingly. The most direct on-chain indicators are: order books thinning out, gas fees not really spiking anymore, and positions basically shifting from "wanting to make quick money" to "just don't die first." I now prefer to split my positions into smaller parts, keep some bullets ready, since if I really want to chase, those few minutes don’t matter much anyway.

Recently, cross-chain bridges have had issues again, along with that wave of oracle abnormal quotes, and the community suddenly enters a "waiting for confirmation" mode. It’s quite subtle: it’s not that the technology is safer, but that everyone is more afraid. The same goes for Layer 2s—when sentiment is conservative, MEV doesn’t seem as lively. I need to be reminded: positions are for sleeping peacefully, not for impressing K-line charts.