Recently, people keep asking me whether retail investors like blockchain builders and bundles need to understand these things. To put it simply, there's no need to force yourself to become a researcher… Just remember one thing: the "trades" you see are not necessarily natural matches; sometimes they are packaged and arranged in order, especially if you use market orders and set slippage too wide, the experience can become very mysterious. Going deeper, how builders split orders and bid against each other, honestly, I just glance at it and get a headache, and it doesn't really affect my short-term trading much.

The only thing that helps me stay calm is this: before placing an order, pause for 10 seconds, review the slippage, Gas, and trading path. If it doesn't look right, cancel it. Better to earn less than to be treated as liquidity. By the way, I thought of the NFT royalty disputes, which are also about the same thing: whoever takes that "invisible share" in the transaction, when secondary liquidity tightens, everyone starts to curse each other… That's all for now. Today’s market feels like a hot and humid day, with thunderstorms popping up randomly.