Address profiling is something I now trust at most six or seven out of ten, mainly for map navigation, not as an ID card. To put it simply, tags and clustering are about "who they look like," not "who they actually are." The same group of people sharing a wallet, borrowing through intermediaries, or even mixing on exchanges can cause the model to start guessing wildly; plus, some tags come from secondary sources, and one mistake can spread like wildfire, making it look like "funds are chasing narratives," but in reality, it's just arbitrage or market making recording transactions.

Recently, the debate over NFT royalties also seems to follow this logic: everyone uses "protecting creators/improving liquidity" as tags to take sides, but when it comes to the chain, how the money moves and who pays is often much more complicated than slogans. I mainly look for anomalies in profiling: sudden synchronization of multiple addresses, shorter transaction paths, increased frequency of deposits and withdrawals—these are worth being cautious about; as for hype like "a big whale entering the market," I tend to look twice before believing it.