Lately, watching all those on-chain “sandwich” trades and arbitrage, I’ve got a pretty complicated feeling: you think you’ve picked up a bargain, but a lot of the time you’re really the one paying other people’s fees. Especially when the market gets volatile and slippage gets magnified—one shaky hand, a confirmation… the next second, and it becomes someone else “clipping” the meat right off the plate you thought you’d have. To put it plainly, opportunities might exist, but more often it’s you who are “providing liquidity”—you just don’t realize it.

Now it’s the same every day: people bring up staking unlocks and token unlock calendars. Once the anxiety about selling pressure kicks in, everyone likes to chase quick in, quick out even more, and the MEV crowd is even happier. I feel more like I’m standing by the roadside watching the show than rushing in to snatch that seemingly sweet price spread. Anyway, I’ll just keep a low position and test the waters—if I don’t have to chase, I won’t. Live first, that’s it.