Recently, I saw a bunch of people watching "whale addresses" and preparing to follow trades. Honestly, first figure out whether they are building a position or hedging... The same address is buying spot on one side and opening a reverse position in perpetuals, combined with funding rates and unrealized profit and loss, which looks like a strong rush to outsiders, but actually it's locking in volatility. My habit is to first check if the position direction has changed or if leverage has increased, then compare it with the exchange's funding rate to see if it's squeezing long or short. Otherwise, jumping in would just be helping them lift the hood or take over the position. AI agents and automated trading have been pretty popular lately, but the more automated it is, the easier it is to overlook authorization and contract risks. More on-chain interactions mean more tails, so I’d rather be a bit slower.

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