Lately, I've been watching large on-chain whales move quite actively, and the group is arguing again about whether the extreme funding rates indicate a reversal or just a continued bubble. Honestly, before following the trend, ask yourself: Are they gradually building a position, or are they hedging risk? The same large inflows and outflows, building a position tends to be more "sticky," with phased entries and holding onto positions without much retracement; hedging, on the other hand, often involves quick in-and-out moves, coming fast and leaving just as quickly, and following them easily catches the tail end. Anyway, I don't get excited about big orders right away; I wait until the next day to see if they’re still there and the direction remains consistent before acting—don't jump in when the market is too volatile.