Recently, I've been looking at those "address tags/ clustering/ fund flow" panels again, which are quite convenient, but honestly, I’d say I trust them about 6 or 7 out of 10. Many clusters are just "like family," but that doesn’t mean they are truly a family: multi-signature changes, funds moving as a relay, CEX hot wallets moving—images instantly change. Now I prefer to add a small script myself: monitor a few fixed deposit and withdrawal points + time intervals, combined with L2 bridge inflows and outflows, which looks more like human habits rather than a bunch of "smart money" tags.

These days, some region is again discussing tax increases/compliance, and I feel everyone’s psychological expectations for deposits and withdrawals immediately become sensitive... The same transfer path, which used to be "arbitrage," is now mentally interpreted as "hedging/early withdrawal." I regret not the outcome, but that I was too superstitious about tags at the time, and didn’t consider that "motives might have changed." Anyway, now I treat tags as navigation, not as verdicts.