Just now, my phone popped up a red dot for a "large transfer into a certain whale address," and I almost impulsively followed the trade... After thinking calmly, I realized that an inflow ≠ opening a long position; it could just be repositioning, adding margin, or even hedging. To put it simply, the whale's "actions" need to be viewed in context: whether the exchange activity, on-chain net inflow, and social media sentiment are all turning positive at the same time. If they don't align, I treat it as noise.

Recently, there’s been a lot of fuss about NFT royalties again—creators want income, while the secondary market calls for liquidity... I see it as the same issue: don’t jump to conclusions based on a single signal. Anyway, whenever I see large addresses, I first ask myself: are they building a position or insuring against risk? If I can't figure it out, I just hold off.