Today the traffic was ridiculously congested, and my latte in hand was also cold. While waiting at the red light, I was browsing the blockchain, and I saw someone interpret the movement of exchange hot and cold wallets as "smart money"... I really want to laugh. Large transfers are mostly for moving assets, reconciliation, or risk control. If you keep an eye on them rushing in, it might end up being someone else's lunch money.

Sandwich trading and arbitrage, to put it plainly, the "opportunities" you see are often scenes where others have already lined up to collect fees. You think you're bottom-fishing, but you're actually providing liquidity for bots. When slippage kicks in, they attack from both sides, and even your self-esteem can be squeezed out.

My current risk management is: when I see gas fees suddenly spike or the mempool looks like a traffic jam, I hold back and don't get itchy. Better to miss out than to turn it into content... Anyway, the cost of FOMO is never discounted.