Address profiling, you know, I only dare to "trust about 60-70%", the rest I just see as gossip. The reason is simple: tags are put on by people, clustering is guessed by algorithms, and wallets are not ID cards... Today it's "long-term whale holding," tomorrow it might be splitting funds from a DAO treasury, or moving hot wallets on an exchange. If you get excited, you start imagining funds crashing the market; honestly, it's pretty easy to be led by the rhythm.

Recently, there's been talk about certain regions increasing taxes and tightening regulations, then loosening them again. I found that the first thing to change isn't on-chain data, but people's expectations for deposits and withdrawals: the same transfer, interpreted from "normal accumulation" to "withdrawal warning" in seconds. Now, when I look at fund flows, I first compare the timeline + proposals/funding/lock-up as "realistic scenarios," otherwise, watching the tags is like binge-watching dramas, mostly ending up with fan fiction... Let's leave it at that.