Recently, I saw a bunch of people staring at whale wallet screenshots and wanted to follow along.

I've been impulsive too, but I realized they might be slowly building a position in spot, while using futures to hedge risk.
In other words, if you follow in, you only learn the "way to take the hit."
Especially these days, with extreme funding rates, the group is arguing whether to reverse or continue to squeeze the bubble...
My current approach is to first watch if they have reverse positions or large transfers to exchanges later, then see if they are entering or exiting in batches.
Otherwise, there's really no need to be a "mood follower."
Anyway, I’d rather miss out than accumulate another painful record of interactions.