Lately I’ve been scrolling through a bunch of charts about “tags, clustering, and fund flows.” They really do look great—like turning on-chain activity into a city night scene… But honestly, I’ve always been unsure how much faith an address profile deserves. One person can have dozens of addresses, and one address can also be shared by multiple people (custodians/bots/contract relays). No matter how nicely the tags are placed, they might just be “narrative eye candy.”

Over the past couple of days, AI agents and automated trading have been getting hot again. Some platforms make interactions so frictionless it feels like you don’t even need to think. My first reaction isn’t “so clever,” but rather: who’s been given the permissions, who has to eat the losses if there’s a drawdown, and whether it can be stopped if something goes wrong. Anyway, I can look at fund flows—just as a reference. In the end, it always comes back to protocol parameters and risk boundaries, otherwise it’s easy to get led around by these “profiles.” That’s it for now.