Today I saw a bunch of people watching whale addresses, preparing to "copy trades," to be honest, first figure out if they are building a position or hedging... The same large transaction could be for opening a big position or just spot + perpetual hedging to lock in volatility. Retail traders follow in and end up taking on slippage and fees for others. I, who study fees, find it overwhelming. Recently, the testnet incentives and points system are the same; everyone is guessing whether the mainnet will issue tokens. When emotions run high, they click randomly, and the costs end up on themselves. What I fear most isn't slowness but chaos—slow can be reviewed, but chaos is a series of operations that send you straight into the garbage bin of statistics. That's all for now.

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