These past couple of days, watching the options market has been a bit tiring, but I'm still here. Frankly, buyers are being slowly eaten away by time value every day, even if the direction is correct, they still have to beat that downward-sloping line; sellers seem like they’re collecting rent, but actually they’re bearing tail risk, earning “the time others hesitate,” and when they lose, it’s a “one-time accident.” The group is again sharing rumors about stablecoin regulation, reserve audits, and de-pegging, with emotions swinging wave after wave; the more they argue, the more expensive the time becomes—at this point, buyers are most likely to be worn down, and sellers most likely to underestimate that sudden spike. Anyway, I’m now more concerned about whether I’m paying with time or selling time, just don’t get led astray by the noise.

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