Recently, I've been looking at those "tags/clustering/funding flow" charts again. To be honest, they're quite useful, but I only treat them as references now. Many address profiles look a lot like whales/market makers/institutions, but they might actually be multi-signature sub-accounts, CEX hot wallets, or even a bunch of people sharing a routing contract. When you cluster and merge them, it’s like “split personality”… If you follow the “smart money,” you might just be following someone else’s moves.

And these days, hardware wallets are out of stock, phishing links are rampant, and address behaviors are easier to “disguise”: small probes, batch transfers, cross-chain loops. They look like strategic layouts in the charts, but they might just be trying to evade tracking or trick you into clicking links.

My current approach is: when I see fund flows, I first check whether it’s a contract or an EOA, whether it’s a common routing, whether there’s a clear pattern of accumulation/distribution, and then decide whether to look more closely at the pool. Next time, I want to treat “tags” as a list of suspicions rather than conclusions… How much do you trust these profiles?