Recently, there are always people staring at “whale addresses moving again” and wanting to follow along with the trades. I honestly think you should pause for a second first: is this building a position, or is it hedging… Put simply, what you’re seeing might just be him using his left hand to hold spot and his right hand to open a reverse order—his net exposure hasn’t changed. It’s only that you’re getting excited and rushing in. Especially these past couple of days, with funding rates at an extreme, the group is arguing about whether it’s a reversal or whether to keep squeezing the bubble. As for me, I’ll treat myself as someone who’s easy to get swept up, and practice not chasing that one quick moment. If you really want to follow, it’s fine—but first check whether, later on, he adds orders or cancels orders, and whether the order book is being pushed hard—if liquidity is thin, don’t force it. Better to keep it smaller, enter in batches, and set a retreat line… Otherwise, slippage will educate you faster than a whale.

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