Recently, I've been watching those large addresses on the chain move assets back and forth, and in the comment section, many people are shouting "Follow the whales." I think, before copying, you should first think clearly: Are they building a position or hedging? To put it simply, sometimes when they buy spot, they might have already opened a reverse position on the other side, aiming for stability, not gambling.

Especially now, with new L1/L2 chains starting to offer incentives to boost TVL, long-term users complaining about "mining, selling" isn't without reason... Whales coming in doesn't necessarily mean faith; they might just be here to collect subsidies, provide liquidity, and lock in risks. Anyway, I now prefer to watch for when they "stop": whether they leave a position, whether they top it up, and if funds are continuously flowing in the same direction. It's okay to be slow; don’t get dazzled by that large transfer.