Just saw someone in the group post a screenshot of a sandwich-arbitrage trade. One deal netted almost 1 ETH. I stared at that transaction record for a long time—no matter how I算 it, it always looks like I was the one pulling money out of my wallet to pay transaction fees for other people. Sigh. For an opportunity like this, when it finally lands in my hands, it’s probably the opposite: when I placed my order, the bot had already trapped me in the middle. Up or down, none of it has anything to do with me—I’m just purely contributing to activity on-chain.

Recently I’ve been watching them discuss ETF capital flows and risk appetite in US stocks, talking about how risk assets move in sync. The more I look, the more I feel like this market is full of scythes—I can’t tell which is an opportunity and which is a trap. Forget it. I’ll just study the liquidation logic the old-fashioned way. At least when I lose money, I’ll understand how I’m going to die.