Recently, someone keeps posting "Some whale address moved again" asking me to follow the trade... Honestly, it looks pretty lively, but first, clarify whether they are building a position or hedging. Many large transfers come in, and the next step might be opening a reverse position or locking in the risk. Retail traders following along just become a cushion for their volatility, which is quite funny and also frustrating. On-chain, you can see more than just balance changes; at least check the previous and next few transactions, whether they are done in batches, or if they are simultaneously protecting themselves with derivatives, otherwise you're just groping in the dark. By the way, recently everyone has been complaining about miners/validators' income, MEV, and unfair ordering, and I also resonate a bit: you think you're following whales, but actually you're following those who can get faster order execution and higher fees. Anyway, I now prefer to do less rather than become a liquidity textbook.