Today I went through a round of on-chain addresses again and found that many people, upon seeing "whale buying," immediately want to follow... But honestly, you need to think clearly first: Are they gradually building a position, or have they opened a counter-position elsewhere to hedge risk? An address's spot activity may look very brave, but it might just be coordinating with perpetuals to reduce volatility, and in the end, you follow along and become a relay player.

Recently, narratives around AI Agents and automated trading have also been quite popular. As on-chain interactions increase, fake moves become easier: a bot makes a few trades, switches routing, and the perception looks very "smart." What I care more about now is the unlock time and the structure of the holdings; at least these two won't suddenly change face... Of course, maybe I'm overthinking it. Anyway, I won't pretend; I prefer to take it slow and understand before acting.