Watching on-chain whales has me staring until my eyes ache… but the more I watch, the more I feel like I need to “pause” for a bit.

A lot of people see a big address buy and want to follow right away—plain and simple, you have to tell whether they’re building a position or hedging/locking in risk. You’re following the direction; they might be treating the volatility as mere noise.
Lately, there’s been talk again about tax hikes and tighter/looser compliance. Once expectations for deposits and withdrawals change, big players become even more fond of doing “left-hand versus right-hand” trading: on the surface it looks like an entry, but in the back room it could be moving exposure around.
Anyway, for now, I’m: stop tracking addresses, stop chasing that particular candle/K-line—figure out what they’re trying to do first, then decide what I want to do.