Recently, on-chain data shows an interesting phenomenon — the address that made 36 million dollars on PEPE has started accumulating ASTER again. Currently, the unrealized gains are 1.1 million dollars.

To be honest, this reminds me of the situation before the launch of PEPE last year. At that time, some large holder addresses were quietly accumulating, and by the time retail investors noticed the price movement and rushed in, they had already started to sell off in batches. Will ASTER take a similar route now? This question is worth pondering.

What are the advantages of large capital? Information channels, capital volume, and most importantly - patience. They can accumulate positions slowly at the bottom for several months, while ordinary investors often chase in only after seeing continuous rises, resulting in buying high and getting trapped.

However, to talk about it, the real problem for retail investors is not a lack of funds, but an unstable mindset. They are afraid of missing out and rush to chase when the price goes up, and they are afraid of losses and hurriedly cut losses when the price goes down. Such emotional trading makes them a source of liquidity instead.

There are indeed people in the market who lay out positions in advance, and there are those who buy at high levels. The key is to understand your own position. When you see others' screenshots of unrealized gains of millions, think about how long they might have held it? How many pullbacks have they endured?

Investing is easy to follow the trend but difficult to follow logic. Understanding others' operations is one thing; being able to execute is another. Instead of focusing on every transaction of large accounts, it is better to first ask yourself: What is the logic behind this market trend? What are my expected returns and stop-loss lines?