I just turned off the group messages for a little while, and the cycle of regulatory/reserve audits for stablecoins and the "de-anchoring" charts started circulating again, which is really annoying. Going back to address profiling, tags and clustering are indeed convenient; clicking on them can help you imagine "smart money/institutions/whales," but honestly, they’re only somewhat reliable: multi-signature, custody, exchange hot and cold wallets mixed together, like scrambling the cast list of a TV series. Not to mention some people specifically split addresses, use intermediaries, and leave a "certain fund" tag as bait. Anyway, I only treat it as a clue now, not a conclusion. If you really want to follow the flow of funds, you should look at the timing, the path, and the motive—don’t get caught up in the rhythm of a single tag.

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