Lately I've been analyzing address profiling again, with tags like "smart money," "whales," "market making" getting quite popular, but I'm increasingly suspicious: the same person can have dozens of wallets, and conversely, one wallet might be shared by multiple people (exchanges, custody, multi-signature). Trusting it at eight out of ten can easily lead you astray. Honestly, I treat tags as "possibilities," not conclusions. When it comes to tracking funds, I focus more on two points: which contracts or bridges this address has interacted with (whether it smells like old vulnerable projects), and whether the inflow and outflow patterns look like moving bricks or clearing out, rather than making judgments based on one or two transactions.

By the way, I looked at the NFT royalty dispute—when secondary liquidity tightens, creators suffer more, and on-chain fund flows become more "fragmented," making profiling even less accurate... There are many tutorials, but I personally prefer those that analyze real transaction paths, rather than just throwing out indicators.

That's all for now; I’d rather go slower than be pushed to rush by tags.