Over the past couple of days, I’ve been seeing a bunch of “sandwich” alerts on-chain again. To put it plainly, what you think is a value-gap profit may just be paying someone else a more expensive toll. When I suddenly notice slippage getting worse and trades becoming “smooth,” my first reaction isn’t opportunity—it’s to pull my tentacles back first. I’d rather make a little less than end up as a side dish on someone else’s menu.

The same goes for those schemes where new L1/L2 projects roll out incentives to boost TVL. It’s lively, sure, but I can totally empathize with old users complaining about “dig, transfer, sell”… Money comes in fast and leaves just as quickly. Once an arbitrage window opens, everyone crowds in, and in the end, what’s often left is fees and emotions. I don’t chase further explanations anymore. If I can keep it neutral, I stay neutral. If I can diversify, I diversify. After all, living longer matters more.