#BTC资金流动性 Looking at a recent major case, I have to remind everyone of a harsh reality: every transaction of coins like $XRP, USDT is being precisely tracked.

The data uncovered this time is shocking—over 2,000 involved entities, 49,000 accounts, and 10.56 million transaction records have been fully reconstructed. From 2017 to now, all on-chain transactions have become evidence. Blockchain is touted as transparent, but now this "transparency" has become a double-edged sword: your address, your transaction flow, are as clear as a live broadcast in front of big data.

Many still believe in the myth of the "lawless zone" in the crypto world, which is the most dangerous idea. Deleting transaction records? Useless. Every transaction is engraved on the chain, and regulatory authorities' tracking accuracy has been upgraded to millimeter level. Being able to verify 10.56 million records one by one—what does that mean? It means that as a retail investor, your little bit of luck is worthless in the face of technology.

What should you do? Remember three things:

**First, completely abandon the idea of "gray areas."** Illegal currency exchanges, over-the-counter trading—these seem covert but are actually traps.

**Second, all legitimate transactions should only be on compliant platforms.** This isn’t just for regulators’ sake, but to protect yourself. Compliant platforms have risk control, accounts are secure, and transactions are recorded but legal.

**Third, learn some basic on-chain analysis.** Understand what your transaction footprint looks like, don’t blindly invest your money.

Markets like $BTC, $ETH always have opportunities. The key is to stay sober. Not every price difference is worth risking for; sometimes the biggest reward is simply surviving to see the next cycle. Moving steadily forward is more important than anything else.