Lately, watching whale address movements, I increasingly feel that "slowing down" can really save lives. On-chain, the same large transfer looks like it's rushing, but it might just be changing wallets, splitting positions, or even hedging with it open. Before copying, I’ll wait a beat: see if they’re continuously adding positions, whether their cost range is rising, and if their derivatives positions are moving in the opposite direction... Basically, building positions and hedging look too similar.

Additionally, in some places, taxes and compliance tighten and loosen, which has a big impact on deposit and withdrawal expectations. When emotions run high, people love to chase after "smart money." Anyway, I’d rather miss out on a move than be seen as liquidity. Slow down, and the data will speak for itself.