Recently, someone has been using "address profiling" to scare people, saying that these transactions clearly indicate institutions accumulating positions... It's hilarious, on-chain labels are so unreliable that trusting them at all is already brave. Exchange hot wallets, whale traders splitting positions, project teams moving funds back and forth—when clustering algorithms get excited, they just force-fit them into "the same group," basically looking at shadows with a magnifying glass.

Now I just see fund flows as gossip: first, see if the path looks like a "move," then check if a bunch of addresses wake up at the same time, and finally trust a little bit of narrative. Recently, with increased taxes and stricter compliance, the anxiety over deposits and withdrawals in groups has skyrocketed. On-chain, a few more "detours" suddenly appear, but don’t rush to call it conspiracy—many are just people avoiding trouble to protect themselves... Anyway, don’t take labels as the truth, just see them as a reference.