Lately, I've been looking at address profiling—tags, clustering, fund flows—going through the whole process, it looks quite "logical and well-founded," but honestly, it's just putting a complex world into a few boxes. I treat complexity as an enemy; if I can simplify, I will: first, see where the money comes from and where it goes, and don't rush to label people as "smart money" or "retail investors."

How much can tags be trusted? I feel they are mostly just a starting point. One person might have dozens of addresses, and one address could be a hot wallet of an exchange, multi-signature project, or even stolen funds that have been transferred around; clustering algorithms can easily lump unrelated addresses together. Especially now, with everyone complaining about MEV and unfair ordering, the on-chain paths where validators/miners are earning huge amounts look like "funds are moving," but in reality, they might just be residual shadows being pushed back and forth.

Anyway, I prefer to take it slower now: for the same tag, add a time dimension, interaction partners, and an intuitive check of whether "this chain of links makes sense." The same applies to proposals—don't be swayed by pretty charts; first ask yourself: if it's wrong, where will I lose money? That's all for now.