Last night before bed, I checked the blockchain and saw a few large transfers plus exchanges moving funds between hot and cold wallets, and someone started shouting "Smart money is coming." But honestly, before copying others, think carefully: is he building a position, or hedging/arbitraging? Sometimes whales are just shifting risk, like adding a little to spot, opening short positions to lock in volatility, or withdrawing coins from exchanges to use as collateral. Outsiders only see "transfer out = bullish," which can easily lead to misjudgment.

My current habit is: check if the same address has a reverse position later, whether the funds are being accumulated in batches, and whether the transfer is moving to a new position or just migrating an old one... compare at a glance first. Anyway, I’d rather be slow than get misled by a single transfer screenshot.