In the past few days, looking at options market data, the more I observe, the more I feel that time value is quite "biased": the buyer wakes up every day first to be deducted a breath, the price doesn't move but is bleeding; the seller, on the other hand, is like collecting rent, and the worst thing is a sudden big fluctuation that smashes the bill in their face. To put it simply, before the market moves out, time is always on one side.

Just now, the funding rates for spot/derivatives are extremely high, and in the group, people are arguing whether to reverse or continue squeezing the bubble. I personally prefer to look at the data first and not get carried away: high rates don't mean an immediate turn, it just indicates more crowded sentiment. My position is kept small for now, willing to miss out rather than be slowly worn down by time.