Recently, I’ve seen more “whale” addresses on the chain being called out for copying trades, but I’d rather first figure out: are they gradually building a position, or are they hedging to spread out the risk? Frankly, just looking at one buy transaction is too easy to misjudge; you need to see if there are subsequent opposite positions, if they’ve transferred coins to derivatives or lending platforms to hedge, or even if they’re moving assets back and forth across different chains as insurance. It’s like seeing your neighbor buy ten bags of rice at once—maybe stockpiling, or maybe opening a small shop to sell—whether you follow their buy or not is a completely different story…

Now AI agents and automated trading are also quite popular, with narratives being hyped up, but the more automated the on-chain interactions become, the more afraid I am of “auto-sending you into a trap.” My own habit is: first, check if the behavior is part of a complete strategy (entry, exit, hedging, transfer), then decide whether to reference it. I prefer to be a bit slower rather than get caught up in a hype triggered by a single screenshot. That’s all for now.