I almost transferred the collateral to the wrong chain just now, copied the address and accidentally added an extra character, looked over it three times before retracting it… my heartbeat was racing. People who have been liquidated really have post-traumatic stress, even clicking confirm feels like disarming a bomb.

By the way, thinking about options: the buyer feels like they’re paying an “anxiety tax,” as the time value chips away at you every day, even if the market doesn’t move; the seller, on the surface, is collecting rent, but in reality, they’re putting tail risk in their pocket—comfortable most of the time, but once a needle pricks, it all comes back up. Honestly, who the time value eats depends on whether you can withstand the pain of “waiting too long” or “being unable to hold.”

Recently, I heard that some regions are tightening taxes and compliance rules, sometimes increasing, sometimes relaxing, and deposit and withdrawal expectations are also fluctuating, causing big volatility—buying becomes more expensive, and sellers are more easily pierced… Anyway, I only dare to hold small positions now, preferring to earn less rather than send myself to the meat grinder.