Lately, someone has been staring at whale address screenshots and wanting to follow, I’ve also been tempted... But honestly, you need to first figure out whether they are building a position or hedging. Many large orders look like "buying," but they could actually be spot buying, opening short contracts to lock in risk, or vice versa, selling pressure first and then replenishing spot, with the net exposure not changing at all. If you follow in, you're essentially taking on others' volatility. Especially now, ETF capital flows and US stock risk appetite are being interpreted in a tied-up manner, with market sentiment swinging between "ready to take off" and "ready to crash." Whales prefer to play this kind of two-way order placement as a safety net. My ice cream position melts as soon as I show it, and I’m most afraid of following into their hedging traps. That’s all for now.

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