Someone asked me whether sandwiches and arbitrage count as "opportunities" or not. Honestly, that small price difference you see is often just the transaction fee that others casually skim off your order... I used to be aggressive too, chasing every K-line shake, but then I checked on the chain and found the same group of wallets involved before and after, with pretty regular routes, making me feel like a mobile ordering machine.

Of course, arbitrage also has real potential, but it depends on which side you're on: are you the type who can outrun the bots, adjust slippage and execution paths, or just place market orders and then complain "why is the slippage so high"? I'm more cautious now, willing to accept smaller gains rather than contribute to others. As for everyone lately interpreting ETF fund flows, US stock risk appetite, and crypto price movements as tightly linked... just take it as atmosphere. On-chain, they’ll still squeeze you if they want, and no matter how good the mood, it doesn’t stop them from collecting tolls. Anyway, I’ll first clarify the wallet relationship map before taking action—impulsive is fine, but don’t be reckless.