Recently, people have been treating "smart money labels" and "address clustering" as gospel, but I’m actually quite skeptical. On-chain looks very clear, but in reality, addresses can change shells, split into different wallets, or use intermediaries, and the profile immediately turns into a guessing game; plus, some labels update slowly, and a late update can easily mistake noise for signals. Anyway, I now only use them as a thermometer: whether it’s hot or cold, which chain is being drained, just to get a rough sense.

Not long ago, cross-chain bridges were hacked again, and there was that oracle error, and everyone in the group was saying "wait for confirmation"… Honestly, no matter how accurate labels are, they can’t save these black swan events. My approach is to pull back first, keep my positions more neutral, and prefer to earn less rather than lose everything.

My roommate also complained about me: you look at the market like you’re watching security footage, whenever you see a lot of people, you want to run. Well… after being hammered a few times, that’s just how my nerve is now.