Recently, I saw a bunch of people watching whale addresses and preparing to follow their trades. To be clear, first identify whether they are building a position or hedging… The same large buy order might just be replenishing spot to cover perpetual short positions, and following in could turn into helping them lift the price or catching the risk management. There are also those who add to positions while dispersing across several pools; 80% of the time, they are doing liquidity provision or planning to move funds around later to eat some small margins.

By the way, I want to complain that now retail investors criticizing miners/validators' income, MEV, and unfair ordering isn’t without reason. You think they’re following based on “faith,” but maybe they’re just following “who queues first gets to eat first.” I now prefer to be a bit slower, first observing whether there are hedging moves, whether orders are being canceled or liquidity withdrawn, before deciding whether to get involved. What about you?