On the subway, I was checking on-chain data and saw someone chasing after a "whale address," saying they want to follow the trade... My first reaction now is: is this really building a position, or is it hedging/moving positions? Many large inflows and outflows look intense, but they might just be matching spot and perpetual contracts, or switching wallets for risk control. Following in could just be providing liquidity to others.

Especially these past two days, Meme has been shouted out by celebrities a couple of times. When attention shifts, newcomers tend to get caught up easily. Veteran traders say don’t take the final step. I used to think that was overly cautious, but now after reviewing the trading volume, I understand: high volume doesn’t necessarily mean strong buying pressure; more often, it’s just emotional squeezing. Anyway, I’d rather wait for a candlestick to confirm the structure than rush in at the moment it "looks like it’s about to take off." That’s all for now.