Just now my phone popped up a red dot notification saying “Whale entering the market,” I almost got itchy… Calm down, as for tags, honestly, they’re just like stickers on an address, usable but not an ID card. An address today might be a market maker, tomorrow it could be a multisig of a certain team moving positions, no matter how clever the clustering, it can still be split/coin-mixed/cross-chain leading to misjudgment.

When I look at fund flows myself, I first ask: is this wave of money “continuous buying” or a “one-time move”? Then I compare it with exchange net inflows/on-chain turnover before drawing conclusions. Recently, everyone links ETF fund flows, US stock risk appetite, and crypto market rises and falls, I see it too, but don’t be too superstitious about “the same rope pulling,” on-chain often tells a different story: some borrow heat to hype, others use the heat to sell. Anyway, you can trust tags about 60-70%, the remaining 30-40% leave room for suspicion and stop-loss.