Recently, people keep asking me, "Can I follow when whales place orders?" My first reaction isn't to look at the direction, but to see whether they are building a position or hedging. When open interest suddenly spikes sharply but the funding rate doesn't follow much, or when the liquidation hot zones are clearly being "resisted," it often looks more like they are laying protective cushions rather than leading a rush. If you chase after it, you're basically treating their risk management as your signal... Thinking about it later, it's quite funny.

Now I prefer to wait for an extra candlestick to see if they continue adding or if they push their opponent into the hot zone before counterattacking. Also, recently hardware wallets are out of stock, phishing links are everywhere, and account security shouldn't be taken lightly, especially for those trading derivatives—opening APIs/permissions casually can be very troublesome. Anyway, I stick to discipline: look at probabilities, not guess emotions.