My current trust level in things like "address profiling/fund flow clustering" is about seven or eight out of ten: it can serve as a weather vane, but not as a verdict. Frankly, many tags are often applied by people or guessed by models; if it looks like "institutions are buying," it might just be a few accounts rotating, or a big holder splitting their position to look like retail, since on-chain data doesn’t record IDs anyway.

Recently, before and after that mainstream public chain upgrade, everyone in the group was guessing whether the ecosystem would migrate. I actually prefer to see whether the old money has really moved or if they’re just doing a token tour on the bridge for show. My approach remains the same: when emotions and data cool down, I slowly add a little more; when it’s lively, I just watch from the sidelines… That habit of not chasing the pump probably won’t change.