I keep seeing people treating on-chain large transfers as a “smart money” signal, and as soon as there’s any activity from a hot or cold wallet, they start shouting trades. The truth is: a lot of large transfers are just routine operations by block builders when bundling—for example, to front-run a certain transaction or to adjust their MEV strategy. They’re completely different from what retail traders imagine as “buy the dip and sell the top.” Retail traders really don’t need to obsess over the complicated ordering algorithms inside a bundle, but at least they should understand this: on-chain transfers don’t equal actual buying or selling intent, and they’re definitely not a guiding light for you. Anyway, I’ve seen too many people rush in to catch the bag after watching an address transfer 50k ETH, only for the other party to just reallocate gas fees. Forget it—talking more about it is exhausting.