Recently, I saw a bunch of people staring at "whale addresses moving" and wanting to follow the trades.

For now, I’ll hold back for two minutes: is this really building a position, or are they hedging, switching positions, or adding margin for another leg...
In other words, you only see one leg, but there might be ten other legs elsewhere.
Especially with those on-chain batch entries, it’s not necessarily bullish; it might just be spreading out slippage and eating your liquidity at the same time.

My current habit is to first look at the depth and routing, estimate whether the impact cost is acceptable, and if not, just skip it—missed opportunities are missed.
When the on-chain game of "inflation + studio + coin price spiral" collapsed before, it was the same.
Many so-called big trades are actually more like escape or hedging, not meant to bring you on board.
Surviving long-term depends on habits, not talent.
That’s all for now.