Recently, more and more people are watching "whale addresses" to follow trades. Honestly, I always suppress my excitement first... That big move by the whale looks impressive, but you need to think clearly: is he gradually building a position, or does he already have holdings elsewhere, and this is just hedging risk? On-chain, you only see "bought/transferred," but you can't see his full hand.

Especially now, attention shifts so quickly; memes plus a celebrity's comment can heat up the hype to the point of frying people's brains. Beginners are most likely to rush in and take the final shot. Anyway, I prefer to wait: see if the same funds continue to add, whether the cost basis is rising, and then combine that with exchange inflows and outflows. Only act when the logic aligns; otherwise, I’d rather miss out.

Honestly, don’t treat "whales" as teachers—they might just be using you as liquidity... As for how to tell whether that move is building a position or hedging, you probably have your own method too, right?