Lately, I keep seeing people watching large on-chain transfers and hot/cold wallets on exchanges, saying "Smart money is coming/going" whenever there's movement... I also enjoy watching, but honestly, these signals can easily mislead people. For someone like me who loves to flip contracts and look for permissions, focusing on the main trend is actually simpler: who is ordering the trades first, whether the data is publicly accessible and verifiable, and ultimately whether it can be considered "truly implemented." If the order gets mixed up, you might get squeezed; if the data is poor, you won't even have enough evidence afterward; and if the finality isn't solid, you might think you're safe but still face a risk of flipping over.

Recently, I’ve scaled down my goals: I no longer chase after explaining a bunch of technical terms, and each time I only ask myself one question—"Can I reconstruct this transaction, and can I be sure it won't be rolled back?" Sticking to this has helped me last longer and reduced the mental impact from those "seemingly smart" anomalies. That’s all for now.