Recently, some people have been watching on-chain large transfers and fluctuations in exchange hot and cold wallets as "smart money" interpretations. I find it a bit amusing to watch... Funds moving doesn't mean you can actually profit from it. Options are more straightforward: the buyer is buying time, but many times, the time value is being eroded daily, essentially being slowly taken away by the seller; the seller profits from the period when "nothing happens," but don’t think you’re guaranteed to make money—when big volatility hits, you can get caught off guard.

I personally prefer to be conservative, only taking action if the data and positions can withstand the pressure. My biggest fear isn’t losing money, but losing control—like a needle pricking your margin/emotions, causing you to add or close positions recklessly, which is the most dangerous. For now, I’ll keep doing my thing, continue to explore TVL.