Recently, I’ve been looking at on-chain data and sandwich attacks are heating up again—funding rates are getting extremely one-sided. The chat groups are already arguing: reversal or more squeezing the bubble. Honestly, I’m more inclined to keep squeezing, since sentiment indicators haven’t reached the point of real panic yet. The arbitrage bots, though, are eating pretty well.

You think you found an opportunity, but really you’re just the fees on someone else’s menu. Anyway, I’m not like I haven’t been sandwiched before—it's just that when I see those “risk-free arbitrage” posts, I can’t help but pour cold water on it: what you’re seeing might be a setup designed by someone else.

I still believe that on-chain capital flows are more reliable than emotion-led calls—at least it won’t give you a sandwich attack in the middle of the night.