Every time I see that someone else is staring at a whale address and trying to copy trades, I honestly want to stop it… First, figure out whether the other party is building a position or hedging. A lot of big players are entering spot while simultaneously opening derivatives contracts in the opposite direction—on-chain it looks like they’re “buying like crazy,” but in reality they might just be swapping the shell of their position. If you follow in, you could end up acting as the one carrying the volatility for them. And with recent rumors about added taxes and a compliance regime that tightens and loosens intermittently, once expectations for deposits and withdrawals change, whales tend to take more “protective” actions. What you see as “big moves” doesn’t necessarily reflect direction. Anyway, I’d rather make a little less myself than be led around by a chain of addresses… Also a reminder: don’t click on unfamiliar links—even “address analysis tools” could be phishing.

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