Just stepped out and the intersection was completely blocked, cars moving and stopping, like these past few days watching the on-chain funds flow in one by one and then immediately move out... Many people are watching whale addresses and trying to follow the trades. I want to ask first: is he gradually building a position, or is he using spot as a base and hedging elsewhere? To put it simply, that kind of hedging, buying on the surface looks impressive, but actually the net exposure isn't that large. If you follow, you might just end up being the one to absorb the volatility for him.

Airdrop season is also quite interesting. The task platforms are cracking down more and more on anti-witching, and the points system has squeezed the "farming" folks like clocking in at work. Anyway, I’m still the same as always: watching whether the market sentiment is hot, whether the funds are "staying put," not rushing to chase, and doing low-frequency dollar-cost averaging to quiet my mind. That’s all for now.