Last night I saw someone say, "These few transfers are too coincidental, they must be the same group," so I casually traced the path: where the same money came from, which pool it was exchanged in, whether it was merged by a router, and then split into several new addresses... Many so-called coincidences are actually traces of operations by exchanges/aggregators/cross-chain bridges. It looks like "accomplices," but basically it's infrastructure automatically moving assets.

Recently, there’s been a heated debate over privacy coins, mixing, and regulatory boundaries. I actually prefer to explain the parts on-chain that can be explained first, rather than jumping to conclusions and labeling people. Staring at these graphs for too long makes my eyes sore, and my neck is a bit stiff too. I’ll go drink some water first; anyway, there’s no rush to draw conclusions today.