If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.
What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are? Or do you do these just to catch market trends?
If an ordinary investor follows whales, it is definitely not reasonable. Because whale investors have the ability to make a big move in the market. If today's whale investors lose some money, they can also make a big profit on any trade, but if ordinary investors follow them, they will not get that opportunity. If they lose, they will not be able to arrange sufficient funds to recover it.
Investing by looking at the market trend can sometimes be risky because the trend can change at any time. Before investing, the investor must consider the individual and adopt a good strategy by following the general investors. If you follow the whales' strategy, there will be a big chance of losing.
