The third time I see someone say “a whale is entering the market, quick follow,” I really want to laugh… Don’t rush to hit copy just yet, at least make sure whether they are building a position or hedging. On-chain addresses going back and forth, opening and closing positions in a series of moves, might just be moving risk away, not giving you a ride. Not to mention some operations cross-chain and bypass, gas fees first scare off small retail investors, and I, with a gas allergy, choose to watch on a cheap chain.

By the way, the recent NFT royalty war also looks pretty similar: creators want to earn more, secondary markets want higher liquidity, each has their own reasons. Anyway, my current principle is just one: if I don’t understand the intention, I won’t follow. Better to miss out than be the last one to take the bait, that’s it for now.