These days, I’ve seen a bunch of people watching whale addresses, screenshotting, and copying trades. Honestly, what I fear most is: you think they’re building a position, but they’re actually hedging, or just moving positions to do risk isolation. The on-chain activity looks like “adding to positions,” but the neighboring contracts or options might have already locked in the direction long ago. You jumping in is just catching the tail end of their risk management.

Especially in groups where some are discussing stablecoin regulation and reserve audits, while others are shouting “de-pegging is coming,” the emotions can easily lead to oversimplified logic like “whales buying = bullish,” which becomes a false lifeline. My approach is pretty simple: first, ask myself which liquidity cycle I’m following—whether it’s topping up margin, adjusting positions, or slowly building a bottom; if I’m unsure, I do less, and at least avoid heavy positions. After all, the lighthouse can only illuminate the way; whether to walk steadily or not still depends on oneself.