According to @GracyBitget, she will deliver her first lecture at HKUST and emphasized that while an exchange must keep user data confidential, on-chain activity is openly traceable for anyone to analyze, which is critical for trading workflows, source: Gracy Chen on X (Sep 5, 2025). She described the on-chain environment as a nonstop Truman Show-like stream, reinforcing that transactions can be tracked in real time by anyone, source: Gracy Chen on X (Sep 5, 2025); Ethereum.org (Public blockchains are transparent and auditable). For trading, this supports using on-chain analytics to monitor BTC and ETH wallet movements and exchange inflows/outflows to track liquidity and manage risk without relying on private information, source: Ethereum.org (Transactions and addresses are publicly visible); Bitcoin.org (Bitcoin uses a public ledger); Glassnode Academy (Exchange flow metrics are used to assess on-chain liquidity). Traders can operationalize this by tracing large token transfers, smart contract interactions, and whale addresses via block explorers to inform execution timing and alerts, source: Etherscan documentation (Address and token transfer tracing); Ethereum.org (Block explorers provide full transaction visibility).