These days, on-chain "coincidental transfers" are being used as stories again. To be honest, many times it's not mysticism, but rather the path not being broken down: one transfer comes in, passes through several hops via intermediaries, then consolidates to a main address, like connecting several T-junctions in water pipes. From the outside, it looks like a "sudden collective action at the same time." I usually break it down by time window and common routing (exchange hot wallets / cross-chain bridges / aggregators), and most of the time I can explain most of it. Only a small part remains worth paying attention to.



By the way, recently when the funding rates are extreme, the group has been arguing again about whether to reverse or continue squeezing the bubble. I’ve just turned off the "on-chain transfers = immediate direction" filter for now... Sometimes it's just collateral moving, or market makers adjusting positions, like a moving truck going back and forth. Watching the excitement doesn't necessarily mean a party is happening. On the node side, just stay honest and avoid disconnecting; the rest can be observed slowly.
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