These days, watching the options market, the more I look, the more I feel that time value is like a slow knife.

Buyers wake up every day being worn down by "just wait a little longer," losing patience; even if the market doesn't move, they lose money.
Sellers feel pretty good about collecting premiums, but in reality, they are betting that they won't encounter a spike that blows up with a single needle, essentially trading sleep for returns.

Who is time value really eating?
I think it mainly eats the buyers, but sellers are eating the interest of "tail risk."

By the way, the community is again arguing about privacy coins and mixing coins' compliance boundaries.
I see it quite similar to the mindset of options sellers: usually acting as if nothing's wrong, but when something happens, they all ask, "Did you know this in advance?"
Anyway, I try to use less leverage now, do some small hedging, and stop there—don't let anxiety follow into the night.