Recently, I've been looking at addresses with "tags/clusters/funding flow" profiles, and the more I look, the more I think they should only be taken as reference—don't take them too seriously. To put it plainly, the same person can be split into ten different wallets with different personalities; once a "smart money" tag is slapped on, the followers start to self-hypnotize... I might also accidentally click and take a quick look, but mostly I go back to the work itself: Is the narrative extended? Is the community chat alive? Is there ongoing secondary creation?

These days, transaction fees are being discussed to extremes again—some call for a reversal, others say it's just a bubble. But the on-chain profiles are more likely to distort in such times: short-term hedging, arbitrage, market making—once mixed up, the flow looks like "someone is entering," but it might just be a shell game.

If I had followed that old series through a certain clustering chart back then, I might still be in the group trying to find reasons to comfort myself... Never mind, take it slow. Better to miss out than to be led around by the nose by tags.