Indeed, more and more wallets keep getting opened; the assets become more dispersed and fragmented, which is pretty troublesome to manage. Personally, I’m used to putting long-term positions into cold wallets, putting wallets that interact frequently on-chain into hot wallets, and then setting up a separate “watch wallet” to specifically monitor whale movements, not tied to the private keys.

Recently, funding rates have been extremely volatile, and the community is noisy, with everyone guessing whether it’s a reversal or whether the bubble will keep being squeezed. For my part, I just watch the on-chain existing liquidity and the rhythm of whale inflows and outflows—they may be in a hurry, but I’m not. For now, that’s it; the market will always have the answer.