These days, I see a bunch of people watching on-chain large transfers, exchange hot and cold wallet movements, and then starting to interpret "smart money is moving"… To be honest, the information noise is too high, and watching for a long time only makes my hands itchy.

Recently, I’ve been more focused on RWA on-chain: it looks great to have "liquidity on the chain," but often it’s an illusion of liquidity — you think you can withdraw anytime, but in reality, there are many small print clauses: windows, limits, KYC, or even suspension of redemptions. In other words, on-chain doesn’t mean you can cash out at any time.

My noise-reduction strategy is simple: don’t look at transfer screenshots first, focus on figuring out how to get your fiat/underlying assets back from redemption first. I only dare to use small positions as a "verification test" to avoid getting emotional and rushing in.