Yesterday I saw someone in the group say that those "coincidental transfers" on the chain are definitely insider moves. To put it simply, many times it's just that the path hasn't been broken down: A first transfers to an intermediate hot wallet, then it gets batch collected, and after a while it’s distributed to several new addresses. It looks like "connection," but it's more like moving boxes. My habit is to mark each hop first; if it can be explained as fee compensation/collection/cross-chain bridge deposits and withdrawals, then don’t jump to conclusions. Recently, funding rates are almost extreme, everyone is arguing whether to reverse or keep squeezing the bubble. I just watch whether on-chain behavior keeps up with the sentiment. If there's no evidence, I treat it as noise… Taking it slow isn’t shameful.