Recently, I saw someone focusing on "whale addresses" and wanting to follow their trades. To be clear, first figure out whether they are building a position or hedging. Many large addresses look like they are buying on the chain, but on the other side, they might be opening perpetual shorts or options positions, and the final settlement results can be completely different from what you expect.


Now I see whale movements only as clues, not signals. First, observe where the funds are coming from and going to, and whether they are locking in risks simultaneously.
Also, those on-chain data tools and label systems have been criticized for lagging recently, which is not without reason. Changing addresses or routing can easily mislead you.
Anyway, I follow discipline with small funds: when unsure, I do less. Don’t get caught up in the rhythm set by “big whales mimicking” others.
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