Lately, I've been a bit obsessed with on-chain whale activity again, but before I follow a trade, I force myself to pause: Is this really a position building, or is it hedging somewhere else? Sometimes I see them aggressively buying spot, and I get excited and almost jump in, but then I see them opening a reverse position on perpetuals... Honestly, they might just be locking in volatility, not actually bullish. I silently save screenshots of those transfer and opening timestamps (an old habit), and later compare them to see if I can avoid emotional pitfalls. By the way, I also thought about ho
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