Last night, I watched a few big addresses move funds back and forth, and the group immediately started saying "Whales are entering, follow quickly." I found it a bit funny but also a little anxious... To be honest, don't rush to copy the moves. Many actions that look like building positions might actually be hedging: depositing spot assets on one side while opening opposite perpetual contracts, so the net exposure isn't as large as you think. Especially recently, with staking unlocks and token unlock schedules being dug up every day and causing panic, whales prefer to do protective measures in advance, not necessarily to pump the price. Anyway, when I see "the same address depositing and withdrawing from exchanges while opening and closing contracts" at the same time, I just assume it's risk control, not a signal, so don't act too quickly... But I can't guarantee I won't slip up and chase next time, sigh.