Bitcoin's price dipped below 77000 today; BTC is just reversing to scoop up buyers, no need to panic.

Let’s get to the point: I haven’t exited, but I’ve adjusted my positions.

The chat has been buzzing these past couple of days, mainly with the Pixels yield farmers and the guys running follow bots. I get it – one has their livelihood snatched away, and the other has their chopsticks pulled. But honestly, our trading crew's reactions are even more split.

I’ve got three types of bots running on Ronin. The first type monitors the Katana spot pool, making a living off the spread; the second type arbitrages between Axie breeding contracts and land auctions; the third type is the dumbest but also the most stable – it capitalizes on the instant liquidity premium from high-frequency minting of Pixels. Guess which one gets wrecked first by the L2 sequencer? The third type, it’s the first to go belly up.

Interestingly, the first type actually saw new opportunities on L2. A guy on Dune who works with MEV data pulled a table a couple of days ago—Ronin has averaged about 110,000 transactions per day over the last three months, with roughly 8% involving batch minting or batch transfers, which are 'exploitable' calls. The L2 sequencer model does centralize the sorting rights of these operations, but what’s the side effect? The transaction order within each batch has become more predictable.

Predictable, a squeeze bot is bad news, but not necessarily for our market-making bots.

I had a call last night with a friend who’s running a validation node over there. He mentioned a detail: even though the gas model for Ronin L2 has become cheaper, the sequencer prioritizes processing transactions from addresses that 'contribute more to network health'—in other words, you need to stake, provide liquidity, and hold long-term. Isn’t that basically giving market makers a VIP pass?

So I didn’t shut down the bot; I adjusted the priority of the three bots. The one eating the Pixels premium got dropped to the lowest priority, just hanging around doing its thing; the one capitalizing on the Katana price spread got bumped up, and I also added two more layers of liquidity in the L2 USDC-WRON pool. Guess what? In the past 24 hours, the earnings from the price spread bot actually increased by about 15%—not because of major market fluctuations, but because many small bots withdrew, reducing competition.

In plain terms, Ronin’s move back to L2 is about re-establishing territory. On that Pixels highway, retail traders and following bots have indeed been pushed out, but market makers have either received a 'VIP pass' or a 'higher-priced fine'; no one can say for sure. The only thing I know is this: the narrative of the chain has changed, and you need to adapt. Sticking to old strategies is no different from guarding a shut-down bot.

The last valid trade record last night was on block 38673102, with a Ron price spread of 0.31%. I didn't shut it down; I let it keep running. Right now on the new Ronin platform, there are still spots available. As for whether it can make it to the end station, that depends on fate and how quickly the code updates.