Lately I keep seeing people talk about "data availability, ordering, finality" as if it's some kind of mysticism. Actually, just focus on one thing: do you believe this transaction will be seen by everyone, recorded in the same order, and not reversed in the end? DA is like "whether the content has been published," ordering is like "who comes first or second," and finality is like "whether it can be torn off after being written into the ledger." When I backtest strategies, I think along similar lines: no matter how good the signal is, if there's too much uncertainty at the moment of execution, it's pointless.

And then there are those who interpret ETF capital flows, US stock risk appetite, and crypto market rises and falls all together... Honestly, I do look at those too, but every time I see a bunch of conclusions, it gets a bit annoying. Of course, markets are interconnected, but the core issue on-chain—"visible, orderly, unchangeable"—is what I’m willing to spend time watching. Don’t just focus on sentiment and market trends all day. Anyway, I’ll first figure out my positions and stop-losses clearly; the rest can be whatever noise they want.