In the past, I saw those on-chain "coincidental transfers" and thought they were supernatural events: several transactions flying back and forth from unfamiliar addresses within the same second, as if someone was communicating in code. Now I break it down into paths: which exchange the funds are withdrawn from → intermediary address (possibly for consolidation/change) → then distributed to the target address, while also checking if the timing intervals and fees look like they’re run by a script. To put it simply, many "coincidences" are just because the process is too long and involves too many addresses, making it look mysterious.

Recently, everyone compares RWA, US bond yields, and on-chain yield products together. I, for one, focus on where the money ultimately ends up and who’s backing it. I only dare to spend more patience on side tasks if the on-chain path can be clearly explained; if it can’t, I treat it as hidden traps in a game—avoid them first… and add another item to the list of pitfalls.