Recently, some people have been interpreting large on-chain transfers and fluctuations in exchange hot and cold wallets as "smart money." I also feel quite anxious about it; there's so much information, and I find myself wanting to follow along as I scroll. But honestly, a whale moving doesn't mean they're building a position; often it's hedging, repositioning, market making, or just switching pockets.

My current filtering method is pretty crude: first, check if it's a series of "several consecutive actions in the same direction over a period of time," then combine that with my own chart trend levels. If there's no trend, I just pass by; I won't jump just because others are moving boxes. If I do want to follow, I only try small positions to test the waters. If the wind is strong, I land first; if it's smooth, I slowly take off again. Anyway, I don't want to turn my journey into a chase.