Recently, everyone has been paying attention to large transfers on the chain and unusual movements in exchange hot and cold wallets. As soon as they see it, they shout "Smart money is coming." My first reaction to these so-called "coincidental transfers" is not excitement, but to analyze the path: where is the money coming from (old wallets or newly created), whether it passes through aggregation addresses/transfers, and whether the final destination is an exchange deposit address or just moving to another wallet. Many seem to have insider information, but in reality, they are just batch organizing, risk control address changes, or cross-chain looping to save trouble... Basically, it's like sorting parcels in express delivery; not every package means an event is about to happen. Anyway, I set a reminder: if there are continuous actions, I’ll take another look; if there’s no follow-up, I’ll just assume I’ve fallen asleep again.

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