Today, looking at those "coincidental transfers" on the blockchain, the more I look, the more I feel that many are not coincidences. It's just that we are lazy and haven't broken down the paths: first, CEX withdrawals into a relay, then batch distribution to several new addresses, then crossing bridges, then entering DEXs, and finally returning to the familiar aggregation point. Basically like water flow, it takes a few turns but there are only so many channels. Recently, Layer2 is arguing over TPS/fees/subsidies, but I’d rather focus on "where the money comes from and where it goes," because gossip doesn't affect the fund flow.

My mom also asked me: Are you saying that these coincidences are manipulated by someone? I just replied: It could also be that the same person is just avoiding detection by taking a longer route... Anyway, don’t take your positions as pride, first understand the chain of links clearly.