Recently, I saw a bunch of people staring at screenshots of "whale addresses" and wanted to follow suit. Honestly, I feel like turning off the software and just zoning out... Whales aren't necessarily leading the way; many times they are slowly building positions, or simply hedging and locking in risks. To put it plainly, that one transaction you see might just be a small move within their overall holdings.



If I hadn't figured out at the time whether "they were adding to their position or placing orders on both sides," I probably would have chased in halfway up the mountain, only to be shaken by the volatility and start doubting life. Especially recently, Meme and celebrity shoutouts are flying fast, and when attention shifts, newcomers are most likely to catch the last baton. Anyway, I now prefer to go slower: better to miss out than to mistake someone else's hedge for my own belief. That's all for now.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin