@Andrew Shotland
1. In 2018, I tested disavowing over 200 referring domains. Site traffic didn’t improve or decline; it remained flat for three months and then increased due to other activities like adding new content and PR.
2. In 2022, based on past experience, I reached out to site owners instead, warning them I’d disavow their domains if they didn’t remove my links. This approach was more effective than the disavow tool.
3. @Cyrus Shepard in his blog also concludes that disavowing isn’t as effective anymore. You can read here