Recently, the group has been talking about "certain whales entering the market" again, and honestly, I'm a bit overwhelmed… The on-chain addresses look impressive, but before copying, you really need to think clearly: Are they gradually building positions, or just hedging and arbitraging passersby? Especially those who are simultaneously adding spot positions and opening perpetual counter-trades, it looks a lot like "I'm just locking in the risk," but if you follow along, you end up taking on the volatility for others.

These days, with stablecoin regulation, reserve audits, and various rumors about "de-pegging," people tend to react emotionally, making it easier to interpret whale movements as signals. Frankly, first check the source and destination of the funds, whether they are returning to exchanges, and if there are supporting counter-trades for the positions—don't just get excited over a large transfer. What I fear most isn't missing an opportunity, but losing my own rhythm.