Just finished a night run and casually checked the blockchain, saw that kind of "large transfer + exchange hot and cold wallets move," and the comment section immediately started shouting "Smart money is here"… I feel a bit amused and a little nervous. To put it plainly, many so-called "coincidental transfers" are actually: A first transfers USDT to a relay address, waits a few minutes, then moves it in batches, finally ending up at the exchange's collection/making address. The path looks mysterious, but it's really like moving boxes. If you want to judge properly, don’t just look at one transaction; follow the chain of a few hops: Is it the same set of addresses repeatedly sending and receiving? Is there a fixed collection point? Are the gas fees set like a script? Anyway, I now look at the path first and then the sentiment. If the mainnet gets too expensive, I’ll withdraw to Layer 2, so don’t clog it, okay?

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