Lately, people in the group have been talking about “sandwich + arbitrage opportunities.” To be blunt, a lot of the time what you’re seeing isn’t really a sandwich—it’s someone else squeezing you for the fees… I tried it myself and followed up with a trade. In the mempool, I saw the same swap pair suddenly get two extra transactions both before and after, and the gas fees got pushed all the way up to 38 gwei. My fill price slipped like I’d stepped on a banana peel; only afterward did I realize I was the middle leaf of lettuce.

And there’s also the kind of interpretation that goes: “large on-chain transfers / exchange hot-and-cold wallet movements = smart money is coming.” I still get tempted to take a look, but right now it feels more like checking the weather: it can be used as a reference, but don’t treat it like scripture. If I really want to trade, I’d rather place limit orders and wait slowly, or hedge with perpetuals/options. That way I’m less likely to become someone else’s ATM—my mindset stays steadier. If I lose money, I’ll just treat it as tuition fees. After all, I’m not that smart.