A couple of days ago, I saw a whale make a big move on the blockchain, and the group started shouting "Follow, follow," I almost got itchy.

Later, I calmly thought about it: whether they are building a position or hedging, we really can't tell.
The same address could be locking in both spot and futures positions, and if we only focus on the buy records, it's easy to be misled.
That time, I just decided "if I don't understand, I won't move," and as a result, there was a back-and-forth washout later, and following the trades was more exciting than the K-line…
Now, public opinion is linking ETF capital flows, U.S. stock risk appetite, and crypto market rises and falls, basically just looking for reasons to justify anxiety.
Anyway, I prefer to buy in batches and take it slow, rather than becoming liquidity in someone else's hedge trades.