I started recording screenshots of those on-chain “tags/clusters/funding flows” and the order book sentiment at the time, mainly to see just how easily I can be led astray by address profiling. To put it plainly, a lot of profiles look convincing—but once the market conditions change, they flip: the same pile of funds could be market-making, it could be hedging, or it could just be a bunch of retail traders impulsively rushing in as a group. Slap on a “smart money” label and you start fantasizing in your head; in the end, I’m still using my own positions to bet on other people’s intentions.

The biggest benefit of recording it is that it cools me down: I’ll find that I often only remember “it bought,” but I don’t remember “how it exited, where it blew up, or whether it re-entered and refilled.” Now I’m more willing to treat addresses as a noise filter rather than a signal source. And by the way, lately hardware wallets have been out of stock, and phishing links are everywhere… No matter how much “funding flow” I look at on-chain, clicking the wrong link once and it all goes to zero. Surviving matters more than guessing who’s who.