These days, a bunch of people are watching large on-chain transfers and hot/cold wallets on exchanges, shouting "Smart money is coming" whenever there's movement. I find it a bit funny to watch... Honestly, you think you're catching opportunities, but most of the time you're just paying others' transaction fees. Especially those situations where you just click to buy, and the price suddenly jumps away, then drops back again, like a sandwich trade that leaves you with crumbs in your mouth, and in the end, you're left doubting, "Did I slip up?"

Arbitrage buddies are actually pretty honest: they don't talk to you about faith, they only tell you where liquidity is and who’s more desperate. We impulsive traders in the meme zone are most likely to believe that "volatility = opportunity," and then use our slippage to work for others. Anyway, I’ve recently decided: when I see a sudden price spike, I’ll hold back for 5 minutes first, and not chase the first candle... Otherwise, how do you all avoid being sandwich-traded? Next time, I might just split my orders into smaller parts and enter slowly, better to be slow than to become meme material.