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?
It could be that many people are still looking at or seeing on-chain, seeing on-chain as a tool, and can provide additional insights that are very useful for understanding market behavior and the sentiment of large investors. I use the data as part of a broader investment strategy, not just to follow trends or copy them directly. And the strategy that I often use in good investments usually combines various sources of information, be it roadmaps, a coin's performance and market sentiment, and on-chain data. In this way, investment decisions are still based on comprehensive analysis and risk management can be managed better, investment decisions become more mature and measurable, not just by seeing what whales or big investors are doing.