Recently, when I see on-chain transactions, people keep saying "Another opportunity has been found," my first reaction is: Could this order of mine just be someone else's fee... Sandwich/arbitrage, to put it simply, is just that when you click confirm, someone else is faster and better at queuing, pushing you into a worse price. You think you've caught a deal, but in reality, you're being front-run.

On the macro side, they're talking about rate cut expectations, the dollar index, and risk assets all acting up together, and when sentiment rises, people are more prone to slip up. Anyway, I'm now mostly waiting: waiting for transaction confirmation, waiting for a pullback, waiting until I think clearly before clicking. I'd rather earn less than treat "opportunities" as a tribute.