Lately, staring at on-chain transfers until my eyes are sore... In the past, when I saw those so-called "coincidental transfers," I would also imagine conspiracy theories. Later, I forced myself to analyze the paths: first, check if they originate from the same source of funds (such as exchange hot wallets or cross-chain bridges' public pools), then see if there's an obvious "batching and unbatching" rhythm in the middle, and finally try to guess the person. To put it simply, many coincidences happen because everyone is using the same infrastructure and habitually following the same routes.

By the way, I thought of the NFT royalty water wars, where everyone wants creator income but also desires smooth secondary liquidity. On-chain, it's similar—don't always rely on "talent" to identify big players at a glance. Long-term habits should be developed: every time you see anomalies, first write down three possible explanations, and don't rush to conclusions... I'm also changing, even though I often place orders at the last second.