Still insomnia, scrolling through some large transfers on the chain, and the person becomes more alert... Recently, everyone has been talking about "data availability, ordering, finality" as if they were spells. Actually, I see one line: the transaction you see—whether it is "truly recorded," or "just queued up," or "basically unchangeable."

Data availability = whether others can verify the ledger content;
Ordering = who goes first, whether there was any front-running;
Finality = whether you dare to sleep without watching it.

By the way, public opinion is again forcing ETF capital flows, U.S. stock risk appetite, and crypto price movements into a causal chain... It’s not impossible, but honestly, macro is emotion, on-chain is process, don’t mix them up as conclusions.
Forget it, I won’t talk about other things. I’ll focus on these three matters—charts are colder, and so can my heart be.