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Whales are moving again, and the group is starting to shout "hop on the ride."
But seriously, did you clearly see whether that was building a position or hedging? Last time someone followed and opened a long, but the other party had already hedged on the spot side; while you got liquidated here, they were reaping the rewards there.
The same goes for the NFT royalty issue: creators complain about being poor, platforms cut revenue, secondary market liquidity is a mess... Both sides argue fiercely, but the whales have already run away, leaving retail investors to cut each other at floor prices.
For now, I always check the concentration of holdings first; I don't touch orders that are too concentrated, who knows if it's just wash trading.
That's it for now, I'm going to get a coffee to calm my nerves.