Honestly, these past few days watching the options market has been a bit of an education in "time." Buyers are actually buying a script of "don't be too slow," and if the market stays still, you're also losing money; sellers appear to be collecting rent on the surface, but frankly, they're trading tail risk for time value. It seems stable most of the time, but when a black swan appears, they can wipe out all the gains they've collected earlier. Recently, cross-chain bridges have been hacked again, and oracles are acting up with wild quotes, everyone is shouting "wait for confirmation"... I’m not sure if this counts as consensus, but for sellers, it’s the worst-case scenario—sudden gaps and explosive volatility. I also wrote another note: Don’t blindly trust that time is on your side; time only favors the side that doesn’t have an incident.

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