The group is again discussing stablecoin regulation, reserve audits, and screenshots of "de-pegging" to turn around. It’s really getting on my nerves… The more these emotions are amplified, the easier it is to stare at whale addresses and want to copy their trades. To put it simply, first figure out whether they are building a position or hedging: the same large buy-in might just be buying spot and simultaneously opening a short position to lock in risk, or moving assets across platforms. If you follow blindly, you end up exposed. My habit is to first see if they immediately transfer their position into derivatives or lending, or if they make a reverse trade after a few minutes; then check if they are entering and exiting in batches or showing obvious stop-loss signs. Don’t mistake “having a lot of money” for “correct direction.” Tonight, I’ll review the transaction paths and associated contract permissions of those whale addresses I often watch. That’s all for now.