Recently, I saw a bunch of people staring at "whale addresses moving" and wanting to follow the trade... I’m just someone who looks at TVL and occasionally checks on-chain flows, but honestly, first, distinguish whether they are building a position or hedging, otherwise you might be following the risk-reduction leg of their trade. A simple feeling: if at the same time they are replenishing a counter-position in another pool/exchange, or if the funds circle back into stablecoins, it’s probably not "bullish," but rather locking in volatility. And then there are those who dump coins into mixing or privacy-related paths; the community is now arguing over compliance so fiercely that it’s tearing apart, and on-chain it looks like "smart money," but in reality, they might just be avoiding exposure... Anyway, I now prefer to go slow and see where the funds ultimately end up before taking action. That’s all for now.