Recently, I saw someone talking about "smart money" stories using large transfers and hot/cold wallet movements on exchanges, as if it were a script. It sounds like a story. To be honest, many so-called "coincidences" on the blockchain can be broken down into paths: the same addresses moving back and forth, aligned timing before and after bridging, ultimately ending up in a few common multi-signature or custodial addresses. It’s more like a "process" than a "prediction."

Now, when I see large transactions, I first look at who the previous and next hops are to see if they can be connected into a reasonable transfer chain. Don’t rush to label it with emotions.
If I had followed that kind of "Wow, this must be a pump" interpretation back then, I’d probably have been caught up in liquidity… Anyway, I prefer to be the one who’s a bit of a spoilsport, taking a closer look at execution and attribution, and less into mysticism.