Lately, I've been looking at all kinds of "tags/clusters/funding flow" charts, and seeing so many of them actually makes me feel a bit uneasy. Address profiling, you can use it, but don't trust it too much, especially with cross-chain, batch transfers, and exchange hot wallets mixed in. One moment, they look like whales; the next, they seem like retail accounts in disguise. It's easy to be led astray by the story. To put it simply, it's more like weather forecasting or fortune-telling: it has some reference value, but if you actually follow it to make trades, you'll have to bear the risk yourself.

My current habit is to first ask myself: where did this tag come from? Is it based on behavioral features, inherited from a certain list, or just "interacted with someone" as a category? Then, when looking at fund flows, don’t just look at a single line; it’s best to consider the timing, frequency, and whether the funds are flowing back to the same addresses, or it might just be passing through.

Recently, the stacking and shared security yield stacking methods have been criticized as "nested dolls," and I can understand the skepticism: if the underlying cash flow isn’t clear, even the most beautiful "fund flow" on-chain might just be a shell game. Anyway, I’d rather take it slow, look at data and usage over several days, and not be persuaded to enter the market by a single chart.