Today I saw someone again using a few "coincidental transfers" as evidence of conspiracy theories, claiming it's a signal from the main players... I’d rather break down the path first: which contract it came from, whether it first went through an aggregator, if there was an intermediate move into a hot wallet on an exchange, and then see if it was dispersed to a bunch of new addresses. Many that look like "connections" are actually just routing and aggregation processes mixed together; in simple terms, it's about funds finding the easiest route.

Recently, there’s been a lot of noise about interpreting ETF fund flows, US stock market risk appetite, and crypto price movements as tightly linked, but on-chain it’s more about "how" the movement happens, not "why" prices rise or fall. Anyway, when I see anomalies now, I don’t get excited; I first map out the path, explain if possible, and if I can’t, I just leave it be… waiting with orders, and it also keeps the mindset simpler.