Tonight after my usual night run, I checked a few active L2 addresses and bridge traffic, and casually pulled out the address tagging clustering map to take another look. To be honest, after a while it started to numb me: the same batch of funds changing "new identities" every few hours, some even deliberately breaking apart to cross the bridge back and forth, making it look like "new users" every day. Recently, there’s been a heated debate over NFT royalties—creators say they have no income to survive, traders say they need liquidity and are tied down, and I see similar struggles in on-chain address profiling: everyone just wants a simple answer.

My current conclusion about "how much can you trust address profiling" is pretty simple: trusting half is already good. Tags are more about helping you reduce noise, not about making definitive judgments, especially when dealing with bulk wallets, aggregators, market makers/arbitrageurs—once you anthropomorphize the profiles, it’s easy to misjudge. Anyway, when I look at fund flows, I first focus on the path and timing rhythm, then go back to see tags as annotations—don’t get carried away by words like "smart money" or "whales" right away… that’s it for now.