Today I saw that kind of "coincidental transfer" on the blockchain again, which at first glance looks like someone is hinting at something. But I forcibly broke down the path: first, the exchange's hot wallet transfers to several relay addresses, then it goes into the contract address for aggregation, and finally lands on a few new addresses... Basically, it's just an operational/risk control pipeline, not some mysterious signal. But every time I still get nervous, especially lately with staking unlocks and token unlock calendars being mentioned every day. When the selling pressure anxiety kicks in, I tend to imagine normal transfers as "someone has already run away." I need to be reminded: first look at the path and context, then check the emotions; don't mistake your panic for the truth on the chain. That's all for now.

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