# Whale tracking Use the whale tracking workflow when large Hyperliquid trades or liquidations may reveal important market participation. The [Whales](/features/whale-alerts-and-large-trades.md) feed helps you spot large activity, but whale trades may be hedges, rebalances, liquidations, or partial portfolio moves. ## When to use it Use this workflow when: * A large trader repeatedly appears on the same market. * A whale trade happens near a key level. * A large liquidation appears during a fast move. * You want to inspect a public address through [Spectate mode](/terminal-sections/spectate-mode.md). The goal is to understand whether whale activity supports or conflicts with the rest of your market view. ## Tabs to open

Step	Open this	Why
Detect	Whales	Find large trades, liquidations, and active addresses.
Inspect	Spectate mode	View public Terminal context for an address without trading as that wallet.
Validate	Chart and Orderbook	Check whether the whale action lines up with price and liquidity.
Cross-check	News, Screener, and Funding	See whether broader market intelligence agrees.
Execute	Terminal	Plan your own trade if the setup remains valid.

## What to validate Before following or fading whale activity: * Whether the trade is opening, closing, or unknown. * Whether the address has repeated behavior on the same market. * Whether the trade happened before or after the price move. * Whether the market has enough liquidity for your own size. * Whether related news, funding, or screener activity supports the idea. * Whether your risk plan is independent from the whale's action. ## Order types that fit

Situation	Order type
You need fast exposure after validating the move	Market
You want to wait for a retest after whale activity	Limit
You want maker-only entry near current price	Chase
You want to build a position around a level	Scale
You want to reduce impact while following a larger move	TWAP

## What to monitor afterward After submitting: * Keep [Whales](/features/whale-alerts-and-large-trades.md) open for follow-up activity. * Monitor [Positions](/terminal-sections/positions.md) for exposure, TP / SL, and margin. * Confirm fills in [Trade history](/terminal-sections/trade-history.md). * Watch [Orderbook](/terminal-sections/orderbook.md) if the trade happened in thin liquidity. ## Common mistakes * Copying a whale without knowing whether it is a hedge or exit. * Ignoring that public activity may be only part of the trader's portfolio. * Entering after the whale-driven move has already completed. * Trading large size in a market where the whale consumed most available liquidity. * Forgetting that spectate mode is read-only and does not grant control over another address. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.proliquid.xyz/workflows/whale-tracking.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.