Recently, the actions of large on-chain holders have been quite intense, and many people get excited and want to follow the trades. But to be clear, first distinguish whether they are building a position or hedging; otherwise, following along is like looking in a mirror: what you see is the direction, what they are doing is the shape. For example, the same large buy-in, if there are derivative positions nearby pressing down, it might just be smoothing out volatility, not "bullish to the end of time." I now prefer to watch the rhythm: how many times, how long the intervals, whether there are signs of replenishment, whether the chart looks smooth or not, only then do I feel more at ease. By the way, hardware wallets are out of stock, and phishing links are also common. The more this happens, the less you should rush to click on unfamiliar addresses; don't trade emotionally when it comes to security.

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