Tonight after a night run, I casually checked the blockchain, and I saw a bunch of "whale tags" and "smart money clustering" flying all over the place. To be honest, I only trust half of these address profiles now: some do show signs of fund migration, but more often it's just the same person using multiple wallets, or exchange/market-making addresses being mistakenly labeled as big players. It looks like a script, but it might just be a pipeline.

Recently, the testnet incentives and staking expectations have stirred up everyone's emotions, and the group keeps asking, "Will the mainnet issue tokens?" I also keep an eye on that, but what I care more about is whether these funds are new or old capital moving between protocols to boost their presence. There are many tutorials, but I prefer those that explain "how the tags are created and where misjudgments are most likely to happen," so I don't get misled by the data. Anyway... don't be too superstitious about charts; in the end, you still have to consider the risks you can bear.