Recently, I've seen a bunch of "smart money address" charts flying all over the place, tagging addresses and doing clustering. It looks pretty impressive, but honestly, it's just treating people as having fixed personalities. But on the blockchain, how stable can it really be? One person might have a dozen wallets, mixing market making / grabbing profits / arbitrage all together. You might think it's the same type of funds moving around, but it could just be the same person changing their shell, or conversely, a group of people using the same set of scripts being clustered into "one whale."

Not to mention, these days cross-chain bridges are having issues again. When funds panic, they scatter wildly. The tagging system loves to mistake "fleeing funds" for "whale rebalancing"; when those abnormal price quotes from oracles come in, everyone instinctively "waits for confirmation," and overall trading activity slows down. Then, if you try to predict future behavior based on past actions, it's like using yesterday's weather forecast to decide whether to bring an umbrella today.

Anyway, I just see these profiles as entertainment now. If I really had to engage... forget it.