That big order from yesterday early morning looked, at first glance, like a whale was building a position. I stared at the on-chain address for a long time and felt it was more like hedging. With whale movements like this, you can’t tell whether they’re genuinely bullish or just locking in risk—so it’s easy to get led by the nose. This is pretty similar to the “re-staking nesting doll” that people are arguing about a lot right now: they say shared security and stacked returns, but once you have multiple layers, how is the risk calculated—who can say for sure? Anyway, I can’t read these moves, so I’d rather cancel the order first and wait. Forget it—I’ll keep watching the charts.

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