Recently, looking at those "sandwich" attacks on the blockchain, my first reaction isn't "Wow, opportunity," but rather "Am I just standing in someone else's transaction fees"... To put it plainly, you think you're capturing the spread, but you might just be getting squeezed to work for miners/robots. Arbitrage margins are already thin, and when emotions run high, you want to rush in, which is basically paying tuition with slippage. The group is also sharing rumors about stablecoin regulation, reserve audits, and various "de-pegging" concerns. I get itchy too, but the more noise there is, the more I want to close the trading page and first check liquidity and trading depth. (Don't ask, I often learn my lesson from my own FOMO.) Anyway, right now I’d rather miss out than be that confident "liquidity provider."