Today I saw a bunch of people fixating on “whale addresses buying/selling” and wanting to rush in—so let’s stay calm first: what you’re seeing could be position building, or it could be nothing more than hedging, rebalancing, or splitting and routing entries and exits. In short, address activity ≠ him being bullish/bearish. More often than not, an opposite position has been opened somewhere else; on-chain, this is just offsetting risk. And if you blindly follow, you end up serving as someone else’s errand runner.

Actually, I’d rather spend an extra two minutes checking whether they’re accumulating in batches, whether the funds are also moving at the same time to exchanges or lending protocols, and whether the money loops around and comes back again… Anyway, if there’s no proof, I’ll treat it as noise. In blockchain games, the setup of inflation + studios + a coin-price spiral collapse isn’t any different—doesn’t it just end up being that lots of people only look at “hype” and “wallets are buying,” while the fundamentals turn out to be a total mess? That’s it for now—don’t let the words “whale” set the pace for you.