It’s raining today, and the traffic is so jammed that people are getting fed up—the coffee sitting on the table has even gone cold… I happened to check an on-chain address profile, and the more I look at it, the more I feel like this thing can only be used as a “reference,” not as an absolute authority you can’t question. Labels and clustering, in plain terms, just arrange a bunch of addresses together based on behavior. Some big accounts split funds across venues or change their routing, and right away the profile starts to look like it has a split personality. Conversely, it’s also pretty common for small accounts to be wrongly labeled as “smart money.”

Lately, when the funding rate swings to an extreme, the group is always arguing whether to reverse or keep squeezing the bubble. Personally, I’d rather watch the direction and rhythm of the money: is it a steady inflow, or does it spike hard and then immediately turn back?

Anyway, whether I’m “farming rewards” or just observing, I treat it like watering succulents—slowly, don’t get impulsive, and if you miss out, that’s fine.