The more I look at options now, the more I feel they resemble "paying rent": the buyer pays the time value every day, hoping that one day the market suddenly opens; the seller is like collecting rent, feeling pretty comfortable most of the time, but when a black swan hits, that one moment could wipe out years of rent income. To put it simply, who is time eating? Most of the time, it's the buyer's impatience and illusions that are consumed, occasionally also the seller's confidence and numbness.

Recently, the group has been arguing about the lag in on-chain data tools and the possibility of being misled... I can only say, don't be too superstitious about those "smart money" labels. If you really want to do risk control, you still need to split positions yourself and tighten permissions; don't outsource decision-making to a bunch of colorful charts. Anyway, with my cold wallet cleanliness obsession, I'd rather miss out than be cut by time and emotions together.