I’m not very good at that kind of interpretation that lets you instantly “see through what the whales are up to”… but lately, after seeing so many so-called “coincidental transfers,” I feel that many of them can actually be broken down into very ordinary steps: exchange hot wallet → intermediary address → bridge / cross-chain → new addresses distributed. From the outside, it looks like a code, but in reality it’s just about evading tracking, managing risk, and, as a bonus, testing transaction fees and how fast funds arrive.

Especially these past couple of days, when that major public chain is upgrading / maintaining, everyone in the group has been guessing whether projects will migrate. I, on the other hand, want to keep a closer eye on these “little moves before moving”: first making small test transfers to probe the route, then splitting into batches, and only afterward relocating the actual main positions. To put it simply, don’t rush to treat coincidences as a conspiracy—map out the path first, and your emotions won’t be so easily carried along by perps/perpetuals… I’m also practicing this.