Lately, I've been looking at on-chain "tags/clusters/fund flows" quite a bit, and I want to throw in a cold water remark: address profiling can be trusted, but don't believe it completely. To put it simply, it's more like "tailoring measurements," if the measurements are right, it's close enough; if they're wrong, it's like fitting someone else's shoulder width onto you. Clustering treats a bunch of addresses as the same person, but sometimes it's just exchange hot wallets, scraping scripts, or project teams splitting positions. As a result, you get excited over "whale inflows," but it's actually just internal transfers. Plus, with the rise of phishing links and hardware wallets being out of stock during that period, many people temporarily change addresses or split assets to manage risks. On-chain, it looks like "funds are moving," but it might just be everyone waiting for confirmation or figuring out how to be safer. Anyway, I now only treat tags as a reference; the key is still watching the unlock schedule and where the sell orders are coming from.

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