These days, I've been watching on-chain whale addresses, and the group has started circulating again about stablecoin regulation, reserve audits, and those "de-pegging" screenshots being repeatedly forwarded, which quickly stirs up emotions. To put it simply, whale actions are not necessarily "to pump the market"; often, they involve building positions and hedging simultaneously. On the surface, it looks like they are buying, but on the other side, there might be a protective umbrella in place. Followers only see the sparks and don't see where the smoke is drifting.

Now I prefer to add fuel slowly: when you see large transactions coming in, don't rush to copy the moves. First, think about whether they are increasing their positions or moving risk around; if it's hedging, rushing in with them can easily get you whipped back and forth. First, note down the addresses I saw today, and then compare again tomorrow before making any decisions.