Recently, I've seen a bunch of "smart money" and "whale address" tags flying everywhere, honestly, it makes me feel quite anxious... Address profiling can be referenced, but don’t treat it as gospel. Many tags are just guesses from clustering algorithms: splitting exchange hot wallets, mixing through routing aggregators, and in the end, they slap a label like "institution" on you, which makes me want to laugh; not to mention some people deliberately wash their paths to specifically deceive followers.

I now mostly treat fund flow as a "weather forecast": the general trend might be somewhat useful, but I don’t buy into the idea that "this transaction is a buy signal" down to the details. Especially recently, with some regions tightening taxes and compliance, deposit and withdrawal expectations have changed, and on-chain flows and sentiment can easily turn together. What you see as "withdrawal" might just be switching channels or changing shell addresses.

Anyway, my own habits are still the old routine: first check authorizations, then look at the counterparties, avoid unlimited authorizations if possible, use tags as hints, not conclusions. That’s it for now.