Today I saw on-chain "whale large transactions in and out" again, and I got the itch to follow the trades, but then I remembered the teaching fee I paid when I got liquidated... Honestly, first figure out whether they are building a position or hedging; otherwise, you might think they are bullish when they might just be shifting risk somewhere else. Especially these days, with the main public chains upgrading/maintaining, everyone in the group is guessing whether the ecosystem will migrate. The more these nodes are involved, the more it looks like whales are preparing rather than making a statement.

I used to follow others because they sounded so confident, but then I realized they only screenshot their "win rate" daily and never mention drawdowns. The more I looked, the more anxious I got, so I just unfollowed for peace of mind. Now I just trade with small positions, keep enough margin, so even if I’m wrong, I can sleep peacefully... Anyway, before copying trades, I ask myself: is he adding to his position, or is he buying insurance for himself?