Recently, I saw a bunch of people watching the "whale wallets" and trying to copy trades. I'm just going to hold back for now. Honestly, large transfers in don't necessarily mean building a position; it could also be hedging with spot, or providing collateral for an options position, or even just moving assets around for arbitrage. If you follow and rush in, and they lock both sides, you'll end up exposed without any protection.

Especially these past couple of days, with the main public chains upgrading/maintaining, everyone in the group is guessing whether the ecosystem will migrate. I think it's better to be cautious: someone moving assets early or cross-chain isn't necessarily bullish or bearish. My approach is to be a bit lazy—first watch if they keep adding funds, or if they coordinate withdrawals or leverage opening/closing actions, then decide whether to follow. I'd rather miss out than be used as liquidity.