Recently, in the group chat, people have been posting "bought XX at whale address," and a bunch of folks are screenshotting to follow the trades... I just want to advise: first, figure out whether they are building a position or hedging/rebalancing. Whales are not necessarily bullish; sometimes they just hold spot as a base and use the other side to lock in risk. If you follow in blindly, you're only copying half of their move, which naturally feels awkward.

Especially now, with testnet incentives and points systems keeping everyone's emotions on edge, guessing whether the mainnet will issue tokens is the most tempting. Anyway, when I see large on-chain movements, I first check if they are doing it in batches or coordinating with derivatives position changes before deciding whether to act. I prefer to be slow. With high leverage, getting liquidated is really quick.