I tried once to watch those on-chain “whale addresses” to follow along, but I couldn’t really tell whether they were actually setting up a position or hedging… It looked like big buy orders, but on the other side, options/perpetuals had already locked in the direction. When I followed in, I was only providing liquidity for them, and my mindset was getting pulled back and forth.

Later, I learned to be smarter: first, check whether they’re adding in batches little by little, whether they’re opening opposite positions at the same time, and whether the margin suddenly gets raised; these are more like “risk control” than “charging in.” During the airdrop season, everyone is grinding tasks like it’s work, and the stricter the anti-bot measures get, the more cutthroat it becomes. Anyway, I’d rather confirm the logic slowly now than be carried away by some screenshot. That’s it for now.