Recently, I've been looking at address tags, clustering, and capital flow analysis again. To be honest, they can only serve as "clues," not conclusions. When exchange hot wallets get mixed, cross-chain bridges jump, and bots cut in line, many profiles turn into guesswork; plus, some people deliberately split and transfer funds back and forth. The data may look like "smart money," but it's actually just them acting out a show for themselves. My approach now is very simple: first, observe the rhythm of capital inflows and outflows and the duration of stays; then, verify the direction with tags. Even if I'm wrong, I don't change the script—just reduce positions or wait and see based on the exit chart.

Additionally, lately many people have been comparing RWA, government bond yields, and on-chain yield products. I also look at those, but I care more about who is custodial of the underlying assets, how the liquidation process works, and whether I can get my principal back on time during a run. Anyway, the tags give me probabilities, not a protective talisman.