After finishing yoga, I scrolled through a bunch of screenshots of "on-chain large transfers" and "hot and cold wallet movements," and I started being interpreted as smart money... I really get itchy just looking at them. But then I think about the options buyers, where the time value is quietly bleeding every day; even if you don't move it, it’s still moving. Sellers are like collecting rent; if the market doesn’t go wild according to the script, time is on their side. To put it simply, buyers are racing against time, while sellers are betting that nothing big happens. Recently, I’ve been a bit afraid of this "understand just by looking at the chart" atmosphere. I take simplicity as a trap: just one phrase like "smart money is moving," and you want to jump in, which is basically paying tuition to time value... I’ll hold back for now.

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