Today I saw someone screenshot a "mysterious address sending money to a certain protocol" image and immediately jump to conspiracy theories.

I usually hold back my emotions first, breaking down the so-called coincidence transfers: who was the previous hop, where did the funds come from, whether it was routed through a CEX hot wallet, if there’s a pattern of batch consolidation, and then see if it immediately disperses into a bunch of new addresses afterward.
Many times, it’s just operations moving funds for arbitrage/rebalancing or market makers changing routes — not that mysterious.
By the way, recently I’ve also been interpreting ETF capital flows and US stock market risk appetite as tightly linked to market trends.
I look at it too, but I don’t believe blindly; on-chain, it’s more about "who’s moving" and "how they’re moving," not "the market must go up/down."
(I admit I’ve also been led by the rhythm before, but later I went back to check the links and realized I was just imagining things.)
That’s it for now — less speculation, more verification.