Recently, I saw a bunch of people staring at "whale addresses moving" and wanting to follow the trades. To be honest, I always ask first: Is this really opening a position, or is it hedging/rebalancing? A large transfer to an exchange could be for selling, or for margin, or even just internal reallocation. Looking at screenshots alone can easily lead to overthinking. Especially in the past couple of days, before and after the main public chain upgrade, everyone has been speculating whether the ecosystem will migrate. Moving assets back and forth on-chain has become more normal. Don’t mistake “being busy” for “direction.” My biggest fear isn’t slow pace, but chaos — a slower rhythm can still be waited out, but if it’s chaotic, it’s just noise. Anyway, I now pay more attention to exchange net inflows and outflows and macro liquidity, making sure I don’t scare myself into acting prematurely.