Recently, I saw a bunch of people watching "whale addresses" and trying to follow their trades. Honestly, I also like to watch, but think carefully before following: are they building a position, or hedging/moving funds? Especially with cross-chain bridges going back and forth, moving the address doesn't mean the direction is changing. It might just be switching chains to do margin trading, or splitting into new wallets to avoid risk control. Don't jump to the conclusion that they're about to dump. I usually check if they are opening opposite positions elsewhere at the same time, or if the inflow and outflow of stablecoins match, otherwise following blindly can easily be mistaken for liquidity. Recently, the expectations of rate cuts, the US dollar index, and risk assets fluctuating together are quite surreal, which also suggests that big money might be doing portfolio management rather than single-sided bets. There are many tutorials, but I prefer those that explain "how to identify hedging/fund flow paths," with less mysticism. Anyway, I’d rather be a bit slow than end up being blown away on that bridge.

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