These days, I see a bunch of people staring at large on-chain transfers and exchange hot and cold wallet movements, then shouting "Smart money is coming / leaving," and honestly, I find it a bit hard to believe. Labels, clustering, those address profiles can serve as clues, but they are quite far from a "conclusion": whether it's a team splitting positions, OTC transfers, or just internal reallocations, they all look like big moves. If I really want to use them, I would only compare them with the market liquidity and see if there's a catalyst coming up; don’t just look at one chart and imagine a storyline. Staring at it for too long makes my eyes sore, and my neck stiff, but I still prefer to slowly pick up bargains. Better to miss the hype than get pulled along by false signals.

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