#巨鲸动向 Last night, a "whale" made a move of $230 million in principal on Hyperliquid, opening a low leverage (2.3x) long position of $555 million, fully betting on $BTC , $ETH , and $SOL . The news caused a stir in the market.
The actions of whales are undoubtedly top signals, but do you really know how to interpret them?
1. Low leverage is the key: A leverage of 2.3 times is considered "cautious" in the contract market, indicating that the whale is not gambling on a short-term surge but is making a strategic build-up based on a mid- to long-term bullish outlook.
2. Beware of the "obvious" trap: The whale's positions are public "obvious" signals. One must be cautious after the market rises, as they may use liquidity for reverse operations, turning following retail investors into "fuel".
3. The correct stance for retail investors: Whale operations are an important reference for market sentiment, not mindless following orders. Their costs, funding timelines, and risk management capabilities are worlds apart from those of retail investors.
Core logic 💎: The entry of whales indicates their confidence in core assets, but the subsequent market trend depends on a broader macro liquidity environment. While paying attention to whale wallets, we should focus more on risk management for our own wallets.
When large funds are playing in the market, another form of "value accumulation" is quietly occurring. Just as #GiggleAcademy does not pursue financial leverage but focuses on providing the most basic support for children's education; #MAX community is steadily "building positions" in the real world through offline actions. @Max Charity
📊 So the question arises: how do you usually operate in the market? Feel free to share your operational philosophy in the comments!