Just now, another pop-up notification on my phone showed a "Whale Buying xx" red dot alert, and I almost accidentally followed the trade... Calm down: what you see might just be them buying spot, opening shorts on perpetuals, or hedging; or building positions in batches while locking in risk. To put it simply, the movements on the blockchain/exchanges don't necessarily mean "bullish," more like "position management." Moreover, now the rate cut expectations are fluctuating, the US dollar index and risk assets still tend to rise and fall together, macro conditions are tangled, and whales prefer hedging rather than going all-in. Anyway, when I see large trades, I first check if there's a reverse move afterward, where the route is heading, or if the slippage in transactions is outrageous... Otherwise, you might think you're copying someone else's work, but you're actually paying their transaction fees.

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