Recently, I've seen a bunch of people staring at whale address screenshots and wanting to follow the trades. To be honest, I also enjoy watching, but before copying, I need to think: Are they building a position, or hedging/moving positions? Large transfers into exchanges aren't necessarily "about crashing," they could also be using spot to cover margin; on-chain buying looks aggressive, but maybe the other side opened a short to lock in risk... If you only look at one on-chain action, it's easy to misjudge.

Memes and celebrities shouting a few words cause attention to shift quickly. Beginners are most likely to get overly excited, and experienced players advising "don't take the last step" isn't just for show. Anyway, I now prefer to be a bit slower, first clarifying the trading path, time span, and whether there are signs of wash trading before taking action.

If I hadn't just seen "whale entering" and rushed in, I would have paused for five minutes to check their previous habitual positions and counterparties, which might have saved me a lot of tuition fees. That's all for now.