Recently, I've been looking at a bunch of "Smart Money Labels" and "Whale Clustering" charts, and it really feels a bit like reading a ingredients list in the kitchen: it can be referenced, but don’t treat it as a recipe itself. Address profiling, to put it simply, is about guessing identities based on behavior—going around, splitting and merging, even one person with multiple wallets. The more labels there are, the easier it is to fool yourself.

Now I trust more in "the temperature of capital flows": whether the funds on the same L2 are moving in and out continuously, whether perpetual funding rates are changing together, and combined with my stop-loss line, at least I won’t be led around by a single chart.

These days, I’ve also seen people complain about validator income, MEV, and unfair ordering, which also confirms: sometimes the on-chain flow directions are just the result of "who queued up first" being rewritten.
Anyway, I just treat it as kitchen surveillance footage—useful, but don’t assume it means someone is definitely the head chef…
Talk again next time.