These days, I've seen a bunch of people linking ETF capital flows, U.S. stock market risk appetite, and crypto market ups and downs all together… It's not entirely unrelated, but honestly, if you're focusing on candlestick charts, don't forget that on-chain activities are more real. My current expectation for privacy is quite low: ordinary users wanting to be "completely unseen" is basically impossible, and what can be achieved will mostly hit compliance boundaries. Being watched can actually be more troublesome.

I'm personally more conservative: I try to split transfers as much as possible and avoid signing the main wallet address everywhere. A couple of days ago, I saw someone on the chain using an address like 0x9a…c3 to mix several transactions into the same path all at once, and as a result, they were tracked clearly and transparently, which was pretty awkward. Anyway, I just treat "the chain has memory," and privacy is about reducing correlation, not about wearing an invisibility cloak… When things get too hot, step back for peace of mind.