#深夜思考撸毛和套利的底层逻辑
Digging for opportunities in the folds of rules, amplifying returns with extreme execution power.
This world is never short of the clamor of speculation and the subtle light of innovation, while arbitrageurs often understand the penetration of appearances better than builders——they keenly observe the gaps in the system, the imbalances in incentives, and the lags in rules, gaining deeper insights into the insatiable greed of human nature.
I always calibrate my direction with three questions: Does the project have implementable cash flow and closed-loop profit logic? Is there a clear asymmetry in risk and return in the mechanism design? Do the incentives exceed reasonable boundaries and show excessive bias? If the answers are all affirmative, it means that the soil for arbitrage has already taken shape.
Haircutting is the entry form of arbitrage, quantification is the advanced high-level play, but the core remains consistent: discovering market inefficiencies and amplifying dividends with hardcore execution.
Arbitrage is never a rigid strategy template, but a dynamically upgraded thinking system——its essence is not just capturing price differences, but reconstructing the understanding of the market with a sharper perspective.
It will push you into a positive cycle of "observe-verify-execute"; when this awareness becomes instinct, you are no longer a passerby relying on luck to earn a price difference, but a long-term player who can continuously capture opportunities.
When the arbitrage mindset is rooted in your heart, you will suddenly understand: the cryptocurrency market is never merely a casino; it is more like a precise prism that clarifies everyone's judgment of efficiency, control of desire, and commitment to execution.
Black swans are never absent, and risk control is always the bottom line——never go all in; retaining principal gives you the chance to turn the tables.
The market is never short of opportunities; what is scarce is inexhaustible capital. Cherish every chip and let each investment release maximum value in efficient decision-making.
（Views are personal, writing polished by AI）
