Just saw a whale address transfer a fairly large amount of stablecoins to an exchange. In the group, a brother already shouted, “This is going to moon!” I quickly pulled up on-chain data and found that this address has been doing cross-chain hedging for a while, not opening a new position. It’s more like rebalancing or taking profit. When it comes to copy-trading, you still need to first distinguish whether the person is building a position or hedging—otherwise it’s easy to jump in and end up being the bag holder.

Recently, all the drama around stablecoins has been going viral. People in the group keep passing things around, reserve audit screenshots are flying everywhere, and the panic over de-peg keeps surging wave after wave. Honestly, every time I see this, a thought pops into my head: don’t get carried away—first see what the big money is doing. Some whales look like they’re moving funds, but they might actually be doing risk hedging, not truly chasing the upside.

Tired, but still watching the screen. No reason—just a habit. In this kind of market, the more rushed you are, the easier it is to make mistakes. Stay calm first: move out of the way if you need to, wait if you need to. Keep building bricks.