Lately I've been looking at those "address profiling" tools again, tagging you: whales, smart money, retail investors, arbitrageurs… Honestly, they can be referenced, but don’t take them too seriously. When on-chain turnover rate is high, many addresses today look like smart money, but tomorrow they become bagholders, with tags following the sentiment. I trust the flow of funds more—where they come from and where they go—especially when the same batch of money moves back and forth between several pools; it looks hot, but it's really just self-entertainment.

The NFT royalty wars are the same—creators want to take more, traders dislike the friction, and in the end, liquidity can leave at any time. No matter how much the tags are beautified, they can't stop that. Anyway, I just stick to my profit-taking line, take profits when I can, and don’t fall in love with narratives… We’ll chat again next time.