When a certain whale address moves again, and there are a bunch of people in the comment section ready to copy the trade... but I now prefer to pause first: Is this a "gradual accumulation" or a hedge/arbitrage? It looks like a buy, but it might just be using spot as collateral, opening a reverse position on the other side, so the net exposure isn't as large as you think. Plus, with sorting and latency issues, seeing the same trade a few seconds later can change its meaning entirely.

Especially now, with the cycle of on-chain games involving inflation + studio rushes and the spiral of coin prices repeating, whales prefer to lock in risk through hedging. Anyway, before copying, I always at least connect the dots between the previous and the next few trades, rather than just focusing on a single "candlestick pattern" on-chain transfer, which can easily lead to ghost stories before bed.