Today I saw a bunch of people staring at "whale addresses" and preparing to copy trades. Honestly, you need to first figure out whether they are building a position or hedging... Otherwise, if you follow in, they might just be dumping spot into the pool while simultaneously opening short positions on perpetuals to lock in volatility. You don't even know which side you're following.

Recently, those on-chain data tools and tagging systems have been criticized for being laggy or misleading. I think that's quite normal: if the tags are wrong, what you see as "whale buying" might just be a routing change or cross-chain/aggregation that confuses your eyes. My simple method is still to look at transaction paths and trade quality: whether there are opposite positions during the same period, whether trades are split into batches, and how much slippage they are willing to accept. Don’t just focus on a single "buy record" and get carried away—think first about why they are doing this. Don’t be stubborn if you lose; reviewing the flow of trades is more useful than just analyzing candlestick charts.