Admit it. You want to pet it. How can you not, with that velvety coat?
The red velvet mite spends its larval stage as a parasite on arthropods. As nymphs and adults they descend to the forest floor to become hunters. But don't try to eat one yourself: they have no natural predators (even ants won't touch them).
But then, if you don't have any natural predators, that leaves you with only unnatural predators, and that can't be a good thing.