Recently, I’ve seen a bunch of people watching whale addresses and trying to follow their trades. Honestly, first figure out whether they are building a position or hedging... Some large transfers into exchanges look alarming, but they might just be using spot to push down a short position and lock in risk, not a signal to "pump the market." Especially lately, with ETF capital flows and the added risk appetite in the US stock market, public opinion often attributes both rises and falls to various reasons, which can make it easier to get caught up in the hype. My usual approach is: first see if they add in batches later, or if they open opposite positions at the same time, then decide whether to act. Don’t rush just because you see a whale—it's really easy to mistake it for liquidity.