Address profiling—believe it half and you’re doing well. In everyday practice, when you look at on-chain labels, people are constantly tagged as “institutions” or “whales.” Then you go check and find they may have already cleared out three months ago, but the labels haven’t been updated. To put it bluntly, address profiling is just a static snapshot—there are several layers of delay between it and real money flows. Recently, people have been interpreting ETF fund flows together with risk appetite in US stocks, and I’m watching it too. But honestly, if you only look at those labels, you can’t tell whether the funds are preparing to move or are retreating. My own approach is: treat labels as clues, not as conclusions. If you really want to track money flows, you have to combine real-time on-chain dynamics and trading behavior; otherwise it’s like trying to understand a river by tracing the boat’s position on a previous map. What about you?