Lately I've been looking at address tagging/clustering again, honestly it's quite useful, but I don't dare to fully trust it. Many "whale" and "institution" tags might just be exchange hot wallets, custody, or addresses shared by a bunch of people; once you attach an image, it's easy to jump to conclusions... Not to mention some people deliberately split or route transactions to make it look like "new funds are entering."

What I care more about now is the rhythm of fund flows: the same set of addresses repeatedly moving between a few pools, sudden concentrated inflows or outflows on a certain chain, or an old address waking up in a very tidy manner—these hidden currents are more honest than tags.
By the way, hardware wallets are out of stock, and there are still a bunch of people clicking on phishing links—it's really quite absurd... Anyway, I prefer to confirm more slowly, look at the domain names and signature content a couple of times, and not be impulsively driven by "tags" to place orders.