I'm not very good at… that kind of address profiling that instantly reveals the "smart money." Labels and clustering look pretty scientific, clicking on a bunch of colors can make me feel excited, but really taking it as a navigation tool can easily lead to mistakes. To put it simply, many "fund flows" are just wallets moving, splitting into different accounts, or acting out a show, even one person opening dozens of addresses to make themselves look like a "group." Following that is like chasing a shadow.

Recently, before and after the upgrade of that mainstream public chain, everyone in the group was guessing whether projects would migrate. I also kept an eye on a few "ecosystem big account" addresses, and found that some just moved coins to exchanges or cross-chain bridges to wait, which doesn't necessarily mean they are fleeing or taking sides. Now my rule is: labels are just reminders, not conclusions; when I see large inflows, I first ask myself, "Can it be reversed and flow out at any time?" Anyway, my slippage already feels like fate enough, I don't want misreading address profiles to become a second layer of fate…