I used to have a misunderstanding when I first started playing on the blockchain: that not writing a name on the wallet address = absolute anonymity, and no one could trace it no matter how many transfers.

My current understanding is: addresses are indeed not real-name verified, but the trail is too clear. If someone really gets targeted, combining on-chain data + exchange info + device information, it’s basically a “semi-transparent person.” Privacy is more about reducing friction, not invisibility cloaks.

I am also adapting to the compliance boundaries. To put it simply, ordinary users shouldn’t expect “complete privacy and the ability to withdraw to a bank card anytime without questions.” Especially recently, everyone has been interpreting ETF capital flows, US stock risk appetite, and crypto price movements as interconnected. When emotions run high, they want to run around the chain recklessly, but the more they do, the more footprints they leave…
Now I try to avoid flashy paths; if I can do it in one go, I do it in one go. Also, I treat “possible traceability” as the default setting, which actually keeps the mindset more stable.
If anyone wants to argue in the comments, feel free—I love reading them.