Recently, I've seen people watching whale addresses and trying to follow their trades again, and I start to want to pour cold water on it... The same large transaction could be gradually building a position, or it could just be hedging, repositioning, or even "paving a brick" for another position. To outsiders, it looks like buying, but the actual risk might be the opposite. Anyway, my own habit is still to be a bit slow: first, see if it's done in batches, whether it moves together with spot/futures at the same time, and whether the funding rate sentiment matches; otherwise, I'd rather miss out. I also only recently realized on the chain gaming side that once the inflation + studio + coin price spiral kicks in, the so-called "big players entering" are more like looking for exit liquidity... Forget it, let's just stick to certainty for now.