Tonight, I was browsing on-chain again and saw a bunch of “sandwiches” and arbitrage traces. To be honest, what I’m seeing now isn’t an opportunity—it’s more like the feeling of having to pay for a ticket even when I’m just there as an audience member… You think swapping is as simple as clicking it, but when it’s all said and done, people are cutting in front of you from both sides, and the slippage and fees get “optimized” away together. Even more awkward is that afterward, everyone will explain it again in the group using really serious-sounding words—so much so that I even feel like muting directly because I’m so socially anxious.

Recently, someone has been bundling ETF fund flows, U.S. stock risk appetite, and the crypto market’s ups and downs into one interpretation, like they’re reading from a macro textbook—but for someone like me who trades small amounts manually, it feels more like this: when the mood outside shifts, the chain gets even more congested, and once it’s crowded, it’s even easier for it to turn into someone else’s fees. Anyway, I’d rather slow down, split my orders, and chase fewer hotspots for now. Whether I end up making money or not, I’ll wait—don’t let me become a traffic entry point for the fresh-faced ones.