The past couple of days, I’ve again seen people staring at whale addresses and trying to copy trades—I’m basically getting shaky just watching them. To put it plainly: first figure out whether they’re building a position or hedging; otherwise, that one move you follow might be them “casually tossing the risk to you.” Especially these days, with staking unlocks and token unlock calendars being dug up and discussed every day, once selling-pressure anxiety hits, whales are even more likely to play switch-hands. My clumsy rule of thumb: I only pay closer attention if the same address adds in the same direction three times in a row, and also transfers the coins to places that don’t look like exchanges. If they’re going back and forth, and even coordinating with derivatives positions, then just assume they’re changing clothes like someone in the shower—don’t tail them into the wild. I’d rather miss out than be the main character in the “trade recap drinking session” in the group.