Recently, I've seen people staring at whale addresses and wanting to follow their trades. Honestly, the biggest fear is mistaking hedging for building a position and copying trades. That on-chain buy looks aggressive, but they might have opened a reverse position in derivatives, so the net exposure isn't as big as you think... When I review these situations now, I force myself to take an extra step: check if they've transferred tokens to exchanges, whether they've done it in batches, whether they've moved stablecoins simultaneously, at least roughly categorize "adding to position / switching positions / hedging" before deciding whether to engage.

By the way, I also thought about the NFT royalty dispute—creators want income, secondary markets want liquidity, and in the end, everyone is competing and blocking each other in the game. Following emotions and taking sides can easily lead to being manipulated.

For safety, I prefer to make things more complicated: large transactions are always done with hardware wallets and separate addresses, and I take an extra minute before signing to verify the contract and authorization. I’d rather do fewer transactions than save trouble and end up paying tuition.