Today I saw someone watching whale addresses again and wanted to follow along with the trade. I was tempted, but I still decided to follow my old habit and review the fund flow first: is this moving funds to a CEX for arbitrage, or entering perpetuals on the other side to do hedging? Honestly, if you follow the hedging leg they’re on, once the price jitters you’ll be the first one shaken off—my anxiety level goes straight to the max…

Should you follow?
First, check whether they’re building a position or locking in risk, right?

What I’m more afraid of now is that kind of illusion of “it looks like they’re buying, but they’re actually propping up the market,” especially with the recent inflation in chain gaming and a bunch of studios over there. Once the coin price spirals, everyone starts stepping on each other. Whale moves are more likely self-rescue than faith. Anyway, I’d rather be half a step late—first add the contracts, authorizations, and entry/exit paths into a checklist, and then decide whether to take action, so I don’t have to get up in the middle of the night to withdraw the authorization.