Recently, I’ve been looking at that set of "tags/clustering/fund flow" on the blockchain, basically drawing portraits of addresses. But I increasingly feel I can only trust it about 60-70%. A person can have hundreds of addresses, use exchanges as intermediaries, and add some coin mixing, and the profile immediately becomes like looking at a kite string through fog—direction is roughly there, but details are all guesswork. The community has been arguing about privacy coins and regulatory boundaries these days; some say privacy = original sin, others say it's outrageous not to have privacy... I’m caught in the middle: I don’t oppose privacy, but I also don’t want to pretend risks don’t exist. Anyway, I’m still the same as always, placing orders and waiting patiently, waiting until the picture is complete. What I regret isn’t the outcome, but that I was tempted to chase that "smart money label" when I saw it.