These past couple of days, I've been watching the market like monitoring the tides. The more I watch, the more I feel that options are quite "time-irrational." Buyers wake up every day as if their time value is being deducted by an alarm clock; even when the market is flat, they're losing money. Basically, they're spending money to buy a "maybe it will happen" possibility; sellers, on the other hand, are just taking advantage of this procrastination. As long as it doesn't suddenly break through, time works more and more in their favor. But sellers also feel uneasy—those premiums they collect are like feathers they've picked up, light as a feather. When a black swan appears, it turns into a lead weight.

And then, that mainstream chain is about to upgrade/maintain, right? The community is starting to speculate whether someone will migrate the ecosystem. I see liquidity on the chain first shrinking, then slowly returning, like atmospheric pressure changes in weather forecasts: the closer it gets, the quieter it becomes; only after a while does chaos start. Anyway, I now better understand why some people prefer to be buyers and sleep peacefully, while others prefer to be sellers and bet that "time will help me." That's all for now.