These past two days I’ve been looking at that address-identity profiling setup again—things like tags, clustering, and fund-flow paths. At first glance, it really looks like “you’ve figured out the operator,” but honestly, I’d only trust it about 60–70%. Once you stir things up with coin-mixing, cross-chain transfers, and exchange hot wallets, clustering can easily end up bundling unrelated people together; conversely, if you really want to hide, it’s not that hard either.

For someone like me who trims positions, at most I use it as a weather vane: if a certain pool suddenly gets flooded with a bunch of “similar addresses,” I’ll first cut my exposed position down a bit—I won’t stubbornly keep fighting through it. Lately, hardware wallets have been out of stock, and phishing links have been showing up more frequently. The more it’s like this, the less you should put faith in the idea that profiling is “safe.” First, tidy up your own signing habits and authorization management, so you can feel at ease.