Just glanced at the on-chain data, and this round of MEV “cutting in line” really is pretty interesting. Put plainly: after you place an order but before it gets filled, someone else can detect the intent behind your transaction, buy first, then sell, and finally feed you a slippage. Ordinary people can’t see any of that, but once slippage stacks up, your costs rise—especially when you frequently switch positions in USDT-margined contracts; the impact is very direct.

Now, public opinion always loves to link ETF fund flows with crypto’s ups and downs, talking about everything from US stock risk appetite to macro sentiment and so on. But honestly, that on-chain “queue order” itself may affect where I enter each day more than external sentiment does. In any case, I don’t believe all slippage is just luck—data tells me it follows a pattern.

I trust the data more. Instinct? Sometimes. But more often than not, it’s trained experience condensed into intuition. And when it comes to new plays and new risks, at least the data won’t let me fool myself.