Recently, I saw someone analyzing large on-chain transfers and hot and cold wallets on exchanges, saying "Smart money is coming"... I actually feel a bit uneasy: you think you're following an opportunity, but you might just be helping others pay fees and getting sandwich attacked in the process. Arbitrage, to put it simply, is like picking up coins on the street—when you bend down, someone behind you is emptying your pocket.

My current approach is a bit more cautious; I prefer to tinker with volatility, at least knowing what I'm betting on. After being sandwich attacked a few times, I patched myself up: don't rush to place orders, don't chase sudden liquidity spikes, tighten the slippage settings... Just small adjustments, anyway, even romanticism needs to last a bit longer.