I used to be quite superstitious about the "Smart Money Label," instinctively getting nervous whenever I saw an address clustered as a studio/whale; now I take a deep breath first: what exactly justifies this label? The same group of people switching wallets or making a transfer, and the label changes as easily as the weather. On-chain fund flows are not as straightforward as a river; sometimes they are like water vapor... seeming to flow in, but actually circulating within several pools. Recently, the kind of inflation + studio + coin price spiral collapse point seen in blockchain games also reminds me: don’t just focus on "who is buying," but also on "what are they buying it for." Anyway, I now treat address profiling as a forecast, not a conclusion—just carry an umbrella, don’t expect it to tell you sunny weather.