Just saw someone shouting “the whale is buying the dip.” I clicked in and it turned out to be a few large transfers into exchanges. Come on—these days, even big players switching wallets can be treated as a signal. I suggest first figuring out whether they’re accumulating or hedging. Don’t just see on-chain activity and rush to follow—do you really think the life of retail traders isn’t a life?

Anyway, the experience I’ve summarized over the years is: when whales move, most of the time it’s just moving around funds, not bringing you wealth. I’ve also missed it myself and I’ll admit I misread it, but at least learn to look at where the on-chain funds are actually flowing—whether it’s net inflow or net outflow. Don’t get carried away just by the transfer amounts.

To put it plainly, when the market is hot, sentiment indicators are more reliable than anything. I’ll add some salt and stay calm for now. I’m going to get to work.