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?
I often use Glass node to see the heat map for the liquidations because I have learned it fully and understand how to predict the market on the basis of it, and I usually follow the money and if the money is sitting below, shorting then the chances are high the market will short but if the money is too big it will short but the manipulation will be very high that retails investors won't like it.
I use dune ones but did not get it, I use soso and some other to get analytics of defi and other narratives. I don't buy whatever whales are buying but I usually sell for the time being what whales are selling so I could not lose much although whale tracking is very easy thanks to the tracker developers, if they can't be tracked, then it will be difficult to move with the money makers.