Recently, someone has been watching the on-chain "whale buying" and wants to follow. My usual habit is to ask first: Is this really building a position, or is it using spot holdings as collateral to open a reverse hedge? It looks like buying, but it might actually be moving risk from one pocket to another. Especially now, Meme and celebrity signals are hot, attention shifts insanely fast, and many large orders seem more like "insuring" positions rather than expressing a bullish outlook. To put it simply, before copying a trade, check if they are also opening shorts, or if they are transferring coins into lending or perpetual addresses... Otherwise, you might think you're following a big shot, but you're actually riding the tail of their hedge, like chasing a bus or chasing the wind, and the last move is usually the hottest and most dangerous. Anyway, I prefer to confirm the structure slowly rather than be carried away by emotions.

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