Lately I've been looking at a bunch of "smart money tags/address clustering," to be honest, they're quite useful but also easy to get carried away. On-chain profiling is more like guessing human nature: what you see are traces of behavior, not the full picture of that person. Some addresses are labeled as "whales" or "institutions," but they might just be multi-signature wallets, collections, or hot and cold wallets moving funds for exchanges, which has nothing to do with the actual flow of funds you think.

And now everyone is complaining about miner/validator income, MEV, and fairness in ordering... this can make the traces of "who trades first, who gets front-run" even messier. When you apply clustering models, it's easy to mistakenly categorize passive retail traders as the ones actively targeting others. Anyway, I use these tags only as a mood thermometer: when I see abnormal fund flows, I reduce my positions, and pre-set stop-loss and take-profit points. Don’t treat the "profile" as a script.