Recently, someone in the group shared a "stablecoin regulation/reserve audit" story again, paired with a screenshot saying "it's losing its peg," which instantly stirs up emotions. Frankly, at times like this, it's easiest to see whales making big moves, and a slight hesitation might make you want to follow.

But before copying the trade, I now ask myself: is this really a build-up position or a hedge? Both involve buying/selling, but building a position is usually more "decisive," gradually accumulating and enduring pullbacks; hedging is more like insurance, coming in quickly and leaving just as fast, often opening both sides simultaneously, with a weak sense of direction. If you follow hedge trades, in the end, you're just paying fees for someone else's moves...

I prefer to focus on my own rules rather than watching others' positions. Anyway, first figure out "what are they doing," then decide whether to act. This keeps my mindset much more stable.