Checking on-chain during the commute, seeing a whale move and then a bunch of people rush to follow… I’m truly convinced. First, figure out whether they are building a position or hedging: the same "buy" might just be topping up margin, doing delta-neutral, or even moving positions across chains; if you follow in, you’re just helping them pump or catching volatility. To put it simply, don’t just watch the inflow and outflow of a single address, at least see if they are simultaneously opening a reverse position on the other side, or if they just transferred from a bridge and immediately split it up. Recently, the on-chain games with inflation + studios + coin price spiral collapse, isn’t that just a bunch of people only looking at surface hype, only to find they’re following “liquidity withdrawal” in the end… Anyway, I’d rather be a step slow now than be the fool on the other side of the bridge again.