Just saw a few big whale wallets moving around on-chain, and the group chat started shouting, “Just follow—buy, and that’s it”… but hold on. You really need to tell whether they’re building a position or hedging. A lot of the time it looks like they’re sending coins to an exchange, and I think they’re about to dump—then the very next second they open hedges on derivatives, while the spot market is slowly bought back… In plain terms, a big player’s “moves” don’t necessarily point to a “direction.” Especially recently, meme and celebrity trading-call hype has been shifting attention round after round, and it’s not unreasonable that veteran players warn newcomers not to take the very last handoff. Anyway, whenever I see unusual activity now, I first post a cat picture to calm down, and wait until the candlesticks and the on-chain flows line up before making a move.

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