Today I saw someone watching "whale addresses move and then rush," so I’m basically pausing for now: Are they building a position, or are they taking spot/perpetual hedging? Sometimes on-chain buying is very aggressive, while on the other side, contracts are opening short positions to lock in risk. Honestly, if you follow along, you're just helping someone lift the market and reduce their volatility... I usually check if there are large transfers into exchanges or stablecoins swapping back and forth at the same time, to see if it looks like "bookkeeping-style rebalancing." (Don’t ask me why I’m so paranoid all the time, gas bills have trained me well.) By the way, the recent NFT royalty disputes are also pretty annoying—on one hand, they say they want to support creators, on the other, they want liquidity. In the end, the ones who seem happiest are often those who are best at hedging and splitting orders. Anyway, I’ll keep following less and doing more small task-based experiments.