Beginners fixate on the fluctuations of coin prices, while veterans focus on where the money flows on the chain: price is just a result, while capital is the direction.
Beginners refresh the coin price every day, getting excited when it rises and panicking when it falls, experiencing emotional highs and lows several times a day.
They believe that charts are the 'truth', but in reality, price is merely the result of capital movement, not the cause.
Veterans don't watch prices; instead, they observe the direction of capital flow on the chain. Which addresses are frequently adjusting their positions? Where is the capital flowing into exchanges? Is USDT moving towards centralized exchanges, or is it entering DeFi or spot buying?
They pay more attention to where the whales' money is going, when the main players are building positions, and where the trading activity on the chain is surging.
For example, if a coin has been stagnant for several days, but the on-chain addresses are continuously accumulating in batches, and Gas fees are quietly rising, veterans know: the calm before the storm has arrived.
Beginners see superficial fluctuations, while veterans see the underlying essence.
Price is a smokescreen; on-chain capital is the real fire.
If you don’t learn to watch the flow of capital, you will always be passively responding to price fluctuations and will be unable to proactively identify the starting point of trends.
