Recently, I saw a bunch of people staring at "whale address" screenshots and wanting to follow the trades... Calm down first, is that large amount for building a position or hedging? Sometimes people are buying spot and opening short positions in futures at the same time, and their net exposure actually hasn't changed. To put it simply, it's just mining some bricks and taking a good nap. If you follow in, you only learn half of the moves; the other half is happening somewhere you can't see.

There's also the testnet incentives and points wave, which feels like a replay of an old story: everyone is scrolling and guessing whether the mainnet will issue tokens or not. It's lively, but a crash isn't surprising either. Anyway, whenever I see the words "smart money," I just want to laugh. First, figure out whether they're adding to their position or buying insurance for themselves. That's all for now.