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Someone has been watching whale wallet screenshots these days and wants to copy trades.
I'm really getting a bit annoyed...
To be honest, you need to first figure out whether they are building a position or hedging.
Large spot purchases don't necessarily mean bullish; sometimes it's just to coordinate with perpetual shorts to lock in risk;
Conversely, transferring funds on-chain to an exchange doesn't necessarily mean a dump; it could be to post margin or to set up a different position.
Especially during those extreme funding rate periods, when the group is arguing "reversal or continued bubble,"
I actually want to see the position structure more: whether the same address is holding both long and short positions,
whether they are opening positions in batches, whether multiple intermediary wallets are used to mask the route...
These details are much more reliable than just saying "whale entered the market."
Forget it, I won't chase after it anymore.