I've been lurking in the group for a long time, but I can't help but say: whenever I see whale addresses move, I want to follow. Really, don't rush… first, clarify whether they are building a position or hedging. To put it simply, some large spot holders are slowly accumulating, while on the other side, perpetual contracts are opening shorts to lock in risk. You only see the "buy" side and rush in, but in reality, they are actually reducing volatility, not bullish.

Especially recently, new L1/L2 projects are offering incentives to attract TVL, and the complaints about "mining, promoting, selling" are not without reason. Many fund flows just come in, make a round, and then leave. Anyway, when I see large transfers or opening positions, I wait for a few more confirmations on the direction: whether they are continuously adding on the same side, or opening both sides with no change in net exposure. Be patient, and avoid becoming someone else's counterparty.