I just saw in a group chat people reposting screenshots about stablecoins de-pegging. Honestly, ever since the spike last year, I’ve been too lazy to open on-chain audit reports. People keep shouting “it broke again, it broke again,” but when you actually look at the block explorer, the pool depth hasn’t moved much, and the arbitrage bots are still running just fine. There’s too much information, and it really causes anxiety. My filtering method is super simple now: I only look at on-chain liquidity that isn’t held in CEX custody, and the nonce distribution of failed txs. Any emotional talk without trade records—just skip.

Speaking of sandwiches: many people think getting sandwiched means you’re unlucky, but if you’ve broken down a few nonce combinations for packing order, you’ll know some arbitrage opportunities are basically taking your fee too. I recently looked at a contract: the bot squeezed one trade and then squeezed another—net profit was less than half an ETH, but it burned several thousand dollars in gas. In plain terms, that’s working for miners. Anyway, I don’t join those groups yelling “get rich off arbitrage” anymore. I analyze only two or three sandwich tx datasets a day; it’s better than reading a hundred people’s call sheets. That’s about it—everyone disperse, disperse.