At 3 a.m. again, browsing the blockchain, I saw a "coincidental transfer" that many people interpret as insider information.

Actually, once you break down the path, it's not that mysterious: the hot wallet on the exchange sends out, goes through a jump relay (new address + same gas usage habits), then enters a certain contract or market-making address, and finally lands at the target.
By linking timestamps, source funds, UTXO/account merging traces, and common interaction contracts, you can explain about 70-80%.
The current extreme fee wave is the same—people arguing in the group whether to reverse or continue squeezing the bubble.
Anyway, I’m more interested in who’s actually using real money on-chain to take over, and who’s just shouting with high leverage…
After reading this, I feel even more anxious, but at least I don’t sleep on stories.