Recently, I've been analyzing address profiles and clustering tags again, and the more I look at it, the more I think it’s like a "weather forecast": it can be referenced, but don’t take it too seriously. On-chain fund flows are indeed quite honest, but once you encounter multi-signature, proxies, exchange aggregations, or even the same person splitting funds into a dozen wallets, the tags start to become very mystical… I now mostly treat them as “possibility hints,” and I won’t jump to conclusions or imagine a whole story just because I see a certain type of tag.

These days, retail investors are complaining about validators/MEV and unfair ordering, and I can empathize a bit: you think following large on-chain transactions is reliable, but when someone adjusts the order or inserts a transaction, the “fund flow” you see looks like it’s been edited. To put it simply, the data doesn’t lie, but the perspective you see might have been arranged.

Too much information really can cause anxiety. My filtering method is a bit crude: first, draw an ecosystem map, only follow the projects/contracts that are actually delivering, and use address profiling just as evidence; then set a cooling-off period for myself—if after 24 hours I still think it’s important, I’ll keep looking… that’s it for now.