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Last night, I saw a huge whale transfer funds on the blockchain, and the group immediately started shouting "Follow the order, follow the order."
I was also curious and clicked to check for a while before realizing they might be hedging: buying some spot, while pushing derivatives on the other side, so the net exposure isn't actually that large.
To put it simply, the whale's money isn't here to lift us up; it's more about spreading the risk.
And recently, the pledge/token unlock calendar has been brought up every day with claims that "it's going to crash the market."
I get nervous too, but the more these times come, the more you need to distinguish whether they are building positions or defending.
A while ago, I encountered a situation where I couldn't understand the relationship between those addresses involved in the buy-sell transactions, so I simply didn't move.
When I woke up, I found that the volatility had shaken out all the followers...
Anyway, if you don't understand, don't pretend to.