You really shouldn't shout at me every time you see a whale address move. I almost hit the confirm button but then pulled back... To be clear, first figure out whether they are building a position or hedging. Many times, they buy spot while opening a perpetual short, which looks like a strong push on-chain, but actually it's locking in risk; if you follow in, you become the one taking the volatility for them. My simple method is to watch a few more trades: whether they are depositing or withdrawing from exchanges at the same time, whether they are moving assets across chains back and forth, or whether there are signs of opening/closing positions simultaneously. Otherwise, I’d rather miss out. Recently, L2 is again arguing about TPS, fees, and subsidies, and whales prefer to hedge during this kind of sentiment. Don’t mistake the “hype” for the “trend”… I’ll leave it at that for now and continue queuing.

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