Understanding camera dynamics is a fundamental pillar of video spatial intelligence. However, existing multimodal models predominantly treat this task as a black-box classification, often confusing physically distinct motions by relying on superficial visual patterns rather than geometric cues. We present \textbf{CamReasoner}, a framework that reformulates camera movement understanding as a structured inference process to bridge the gap between perception and cinematic logic. Our approach centers on the Observation-Thinking-Answer (O-T-A) paradigm, which compels the model to articulate spatio-temporal observations and reason about motion patterns within an explicit reasoning block. To instill this capability, we construct a Large-scale Inference Trajectory Suite comprising 18k SFT reasoning chains and 38k RL feedback samples. To the best of our knowledge, \textbf{we are the first to employ RL for logical alignment in camera movement understanding}, ensuring motion inferences are grounded in structured visual reasoning rather than contextual guesswork. Built upon Qwen2.5-VL-7B, CamReasoner-7B improves binary classification accuracy from 73.8\% to 78.4\% and VQA accuracy from 60.9\% to 74.5\% over its backbone, consistently outperforming both proprietary and open-source baselines across multiple benchmarks.