Lately I keep hearing everyone talk about block builders and bundles, as if not understanding them will get you "completely eaten up"... My own feeling is: retail investors just need to understand that "trades might not be entered into blocks in the order you think, and some will be bundled together on the chain." To put it simply, don't be too naive: when you click confirm on the chain, the people around you might already be considering you as liquidity.

The deeper algorithms and auction details are also overwhelming to me. If you really want to be cautious, focus on a few practical points: don't chase highs and lows with too thin pools, try to use protected paths (at least avoid large market orders without protection), and split orders when possible. Recently, the lock-up and token unlock schedules have been repeatedly used to scare people. I also feel the pressure of sell-offs, but the more anxious you are, the easier it is to slip up and give away your position.

First, I’ll revoke a few old authorizations in my wallet, and then see how things look tomorrow.