Address profiling stuff, I only trust half of it now, the other half I treat as noise… It can help you narrow down the observation scope, but don’t take it as the answer to “where the funds are heading.”

The reason is pretty simple: many tags and clusters are pieced together based on behavioral similarity, and once exchanges/escrows/multisig wallets get involved, identities become even more like a fog. It looks like “smart money” is flowing in, but it might actually be the same batch of funds moving through different shells; conversely, a “retail group” label could also be mixed with studio scripts, especially during phases in blockchain games where inflation can’t keep up, studios drain liquidity, and then trigger a coin price spiral—address behaviors become especially similar.

What I care about more now is: whether the fund flow is continuous, whether the path makes sense (whether cross-chain bridges, exchange deposits/withdrawals, and contract calls are consistent), and most importantly—when exiting, whether there’s enough liquidity, and not mistaking impermanent loss for gains. That’s all for now.