Lately, watching whale wallets has become a bit tiring, but I’m still at it… The more I look, the more I think it’s better not to get too caught up in copying trades. Many screenshots of “whales entering the market” might actually be hedging: buying spot on one side, while opening opposite positions in perpetuals on the other, or transferring chips to collateralize and borrow stablecoins. On the surface, it looks like building a position, but in reality, they’re locking in risk. To put it simply, if you’re copying their moves, what you’re really copying might just be their insurance policy.

These days, the calendar for staking unlocks and token unlocks has been brought up again to scare myself. I do look at it, but I care more about how those addresses move before and after the unlock: are they dumping in batches on exchanges, or switching addresses to pretend they didn’t sell? Anyway, my usual habit is still the same—if something looks off on the chain, I withdraw first and ask later. If I miss out, I miss out; sleep is more important.