Lately, more people are watching on-chain whale movements again—it's the airdrop season, after all, everyone wants to follow the "smart money" and avoid detours. But now I tend to pause first: Is this a gradual accumulation, or is it hedging and changing direction? Both involve large transactions, but the former is like planting trees, while the latter is more like moving house. If you follow the wrong rhythm, it's really easy to get left behind.

And then there are those who buy spot while opening opposite positions in futures—looking like "buying," but actually holding down volatility. Following their trades turns into you bearing someone else's risk... To put it simply, don’t just look at buy and sell, see if they’re doing it in batches or only at key price levels.

My own definition of "long-term" isn't that grand either—probably just being able to withstand a round of emotional reversal, usually at least a quarter. The platform tasks now are anti-witch-hunting and point systems, making it feel like clocking in at work. Short-term noise is too much; I still want to focus on whether this community and narrative will still be used seriously after three months.