{ "schemaVersion": 3, "reportDate": "2026-08-03", "generatedAt": "2026-08-03T19:11:53+00:00", "currentSnapshotAt": "2026-08-03T19:09:00+00:00", "previousSnapshotAt": "2026-08-02T19:09:00+00:00", "windowHours": 24.0, "currency": "BTC", "methodology": { "source": "Derivasys proprietary historical SVI surface database", "comparison": "Nearest successful surface snapshots approximately 24 hours apart", "rrConvention": "25-delta call IV minus 25-delta put IV", "bfConvention": "Average 25-delta wing IV minus ATM forward IV", "greeks": "Black forward Greeks for a normalized one-BTC ATM-forward call, zero rate, fitted SVI IV", "commentary": "Metrics and takeaways are deterministic. Daily headlines and introductions may be model-assisted, constrained to the same stored facts; weekly prose is deterministic.", "fixedTenors": "Fixed-tenor measures are interpolated independently at 1W, 2W, 1M, 3M, 6M, 9M and 1Y; headline rankings prioritise 1W, 2W, 1M, 3M, 6M and 1Y.", "smileReconstruction": "Listed-expiry smiles are reconstructed from stored SVI total-variance parameters on a fixed log-moneyness grid.", "ultraShortExpiry": "Expiries with fewer than 2 full days remaining stay in detailed tables but are excluded from headline rankings. Settlement proximity, time decay, changing liquidity and fewer quotes can exaggerate their changes.", "causalClaims": "The report describes observed surface changes only and does not infer unsupported market drivers, spot moves, flows or forecasts." }, "fitQuality": { "currentObjective": 0.11263781, "previousObjective": 0.04425183, "currentLiveError": 154.27032379, "previousLiveError": 70.07263015 }, "coverage": { "currentListedExpiries": 12, "previousListedExpiries": 13, "comparedListedExpiries": 12, "addedExpiries": [], "removedExpiries": [ "3AUG26" ], "fixedTenors": [ "1W", "2W", "1M", "3M", "6M", "9M", "1Y" ] }, "commentary": { "source": "openai", "model": "gpt-5.6-luna", "headline": "BTC options volatility eases as relative call-side skew firms", "executiveSummary": "ATM IV declined across the curve, led by the 1W tenor, while RR25 moved toward calls and BF25 was broadly unchanged.", "evidenceIds": [ "front-atm", "back-atm", "rr25", "bf25", "largest-standard-tenor", "headline-tenor-averages" ], "newsSummary": "CoinDesk reported that bitcoin futures yields had fallen below Treasury-note levels. Separate live updates reported bitcoin above $63,000 as stocks surged at the start of August.", "marketContextSummary": "Contemporaneous reports on compressed bitcoin futures yields and bitcoin\u2019s rise above $63,000 offer possible context for softer implied volatility, but do not establish the reason for the repricing.", "marketContext": [ { "title": "Lower front-end volatility", "explanation": "The 1W ATM IV decline was the largest standard-tenor move, while front-end and long-dated ATM IV both decreased. The futures-yield report is temporally aligned and relevant as possible market context, but its connection is uncertain.", "relationship": "possible-driver", "confidence": "low", "surfaceEvidenceIds": [ "front-atm", "back-atm", "largest-standard-tenor" ], "newsEvidenceIds": [ "news-1e5372a5e3341bcd" ] }, { "title": "Relative call-side skew firmed", "explanation": "RR25 moved toward calls while BF25 was broadly unchanged. The report of bitcoin rising above $63,000 provides contemporaneous price context, though it does not prove a cause for the skew adjustment.", "relationship": "possible-driver", "confidence": "low", "surfaceEvidenceIds": [ "rr25", "bf25" ], "newsEvidenceIds": [ "news-37e5c0935e5d30d7" ] } ], "newsEvidenceIds": [ "news-1e5372a5e3341bcd", "news-37e5c0935e5d30d7" ], "takeaways": [ { "id": "front-atm", "label": "Front end", "text": "Front-end ATM IV decreased, averaging -0.85 volatility points to 31.25% across 1W, 2W and 1M." }, { "id": "back-atm", "label": "Long end", "text": "Long-dated ATM IV decreased, averaging -0.25 volatility points to 40.80% across 6M and 1Y." }, { "id": "rr25", "label": "Skew", "text": "RR25 moved towards calls, averaging +0.24 volatility points to -4.46% across the six headline tenors." }, { "id": "bf25", "label": "Convexity", "text": "BF25 was broadly unchanged, averaging +0.02 volatility points to 2.18% across the six headline tenors." }, { "id": "largest-standard-tenor", "label": "Largest standard-tenor move", "text": "The largest standard-tenor ATM IV move was -1.25 volatility points at 1W, to 30.39%.", "tenor": "1W", "value": -1.25 } ] }, "newsEvidence": { "schemaVersion": 1, "source": "market-news-collector", "generatedAt": "2026-08-03T19:10:23+00:00", "window": { "startAt": "2026-08-02T19:09:00+00:00", "endAt": "2026-08-03T19:09:00+00:00", "endExclusive": true }, "collectorWindow": { "startAt": "2026-08-02T19:09:00+00:00", "endAt": "2026-08-03T19:09:00+00:00", "endExclusive": true }, "coverage": { "configuredSources": 13, "successfulSources": 13, "failedSources": 0 }, "selection": { "feedsQueried": 13, "publishersQueried": 13, "feedEntriesScanned": 308, "articlesPassingTimeFilter": 48, "articlesPassingSourceRelevanceRules": 11, "articlesPassingSelectionThreshold": 2, "storiesSelected": 2, "selectedPublishers": 1, "maximumStories": 3, "maximumStoriesPerPublisher": 2, "minimumSelectionScore": 6, "eventsSelected": 2 }, "items": [ { "id": "news-1e5372a5e3341bcd", "sourceId": "coindesk", "publisher": "CoinDesk", "title": "The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes", "url": "https://www.coindesk.com/markets/2026/08/03/the-bitcoin-futures-yield-collapse-once-over-20-now-less-than-treasury-notes", "publishedAt": "2026-08-03T10:13:50+00:00", "summary": "", "matchedTerms": [ "bitcoin" ], "topics": [ "crypto", "bitcoin", "markets" ], "sourceKind": "newsroom", "rightsStatus": "review-pending", "selectionScore": 18, "relevanceReasons": [ "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move." ], "selectionReason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "status": "selected", "relevance": "direct options", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "ATM IV 1W: down 1.25 points to 30.39%", "RR25 1M: 0.74 points toward calls to -4.76% (put-rich)", "BF25 1W: up 0.10 points to 1.94%" ], "selection_reason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "event_cluster_id": "market-event-9925fcdfc388" }, { "id": "news-37e5c0935e5d30d7", "sourceId": "coindesk", "publisher": "CoinDesk", "title": "Live updates: Bitcoin rises above $63,000 as stocks surge to start August", "url": "https://www.coindesk.com/business/2026/08/03/live-updates-traders-say-bitcoin-sell-off-from-usd65-000-points-to-thin-volume-not-panic-selling", "publishedAt": "2026-08-03T10:29:23+00:00", "summary": "", "matchedTerms": [ "bitcoin" ], "topics": [ "crypto", "bitcoin", "markets" ], "sourceKind": "newsroom", "rightsStatus": "review-pending", "selectionScore": 10, "relevanceReasons": [ "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship." ], "selectionReason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "status": "selected", "relevance": "broader crypto", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD", "ATM IV 1W: down 1.25 points to 30.39%" ], "selection_reason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "event_cluster_id": "btc-price-context-2026-08-03" } ], "events": [ { "event_cluster_id": "market-event-9925fcdfc388", "status": "selected", "relevance": "direct options", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "ATM IV 1W: down 1.25 points to 30.39%", "RR25 1M: 0.74 points toward calls to -4.76% (put-rich)", "BF25 1W: up 0.10 points to 1.94%" ], "selection_reason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "primary_article": { "id": "news-1e5372a5e3341bcd", "sourceId": "coindesk", "publisher": "CoinDesk", "title": "The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes", "url": "https://www.coindesk.com/markets/2026/08/03/the-bitcoin-futures-yield-collapse-once-over-20-now-less-than-treasury-notes", "publishedAt": "2026-08-03T10:13:50+00:00", "summary": "", "matchedTerms": [ "bitcoin" ], "topics": [ "crypto", "bitcoin", "markets" ], "sourceKind": "newsroom", "rightsStatus": "review-pending", "selectionScore": 18, "relevanceReasons": [ "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move." ], "selectionReason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "status": "selected", "relevance": "direct options", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "ATM IV 1W: down 1.25 points to 30.39%", "RR25 1M: 0.74 points toward calls to -4.76% (put-rich)", "BF25 1W: up 0.10 points to 1.94%" ], "selection_reason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "event_cluster_id": "market-event-9925fcdfc388" }, "additional_coverage": [] }, { "event_cluster_id": "btc-price-context-2026-08-03", "status": "selected", "relevance": "broader crypto", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD", "ATM IV 1W: down 1.25 points to 30.39%" ], "selection_reason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "primary_article": { "id": "news-37e5c0935e5d30d7", "sourceId": "coindesk", "publisher": "CoinDesk", "title": "Live updates: Bitcoin rises above $63,000 as stocks surge to start August", "url": "https://www.coindesk.com/business/2026/08/03/live-updates-traders-say-bitcoin-sell-off-from-usd65-000-points-to-thin-volume-not-panic-selling", "publishedAt": "2026-08-03T10:29:23+00:00", "summary": "", "matchedTerms": [ "bitcoin" ], "topics": [ "crypto", "bitcoin", "markets" ], "sourceKind": "newsroom", "rightsStatus": "review-pending", "selectionScore": 10, "relevanceReasons": [ "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship." ], "selectionReason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "status": "selected", "relevance": "broader crypto", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD", "ATM IV 1W: down 1.25 points to 30.39%" ], "selection_reason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "event_cluster_id": "btc-price-context-2026-08-03" }, "additional_coverage": [] } ] }, "newsContext": { "outcome": "Relevant context found; no confirmed catalyst", "highest_causal_confidence": "low", "section_heading": "Relevant market events", "events": [ { "event_cluster_id": "market-event-9925fcdfc388", "status": "selected", "relevance": "direct options", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "ATM IV 1W: down 1.25 points to 30.39%", "RR25 1M: 0.74 points toward calls to -4.76% (put-rich)", "BF25 1W: up 0.10 points to 1.94%" ], "selection_reason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "primary_article": { "id": "news-1e5372a5e3341bcd", "sourceId": "coindesk", "publisher": "CoinDesk", "title": "The bitcoin futures yield collapse: Once over 20%, now less than Treasury notes", "url": "https://www.coindesk.com/markets/2026/08/03/the-bitcoin-futures-yield-collapse-once-over-20-now-less-than-treasury-notes", "publishedAt": "2026-08-03T10:13:50+00:00", "summary": "", "matchedTerms": [ "bitcoin" ], "topics": [ "crypto", "bitcoin", "markets" ], "sourceKind": "newsroom", "rightsStatus": "review-pending", "selectionScore": 18, "relevanceReasons": [ "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move." ], "selectionReason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "status": "selected", "relevance": "direct options", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "ATM IV 1W: down 1.25 points to 30.39%", "RR25 1M: 0.74 points toward calls to -4.76% (put-rich)", "BF25 1W: up 0.10 points to 1.94%" ], "selection_reason": "Retained as direct options context alongside ATM IV 1W: down 1.25 points to 30.39%; the relationship is assessed from the observed market description and surface move.", "event_cluster_id": "market-event-9925fcdfc388" }, "additional_coverage": [] }, { "event_cluster_id": "btc-price-context-2026-08-03", "status": "selected", "relevance": "broader crypto", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD", "ATM IV 1W: down 1.25 points to 30.39%" ], "selection_reason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "primary_article": { "id": "news-37e5c0935e5d30d7", "sourceId": "coindesk", "publisher": "CoinDesk", "title": "Live updates: Bitcoin rises above $63,000 as stocks surge to start August", "url": "https://www.coindesk.com/business/2026/08/03/live-updates-traders-say-bitcoin-sell-off-from-usd65-000-points-to-thin-volume-not-panic-selling", "publishedAt": "2026-08-03T10:29:23+00:00", "summary": "", "matchedTerms": [ "bitcoin" ], "topics": [ "crypto", "bitcoin", "markets" ], "sourceKind": "newsroom", "rightsStatus": "review-pending", "selectionScore": 10, "relevanceReasons": [ "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship." ], "selectionReason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "status": "selected", "relevance": "broader crypto", "relationship": "neutral", "causal_confidence": "low", "matched_signals": [ "Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD", "ATM IV 1W: down 1.25 points to 30.39%" ], "selection_reason": "Retained as contemporaneous price context alongside Forward 6AUG26: +497.18 USD (+0.78%) to 63834.12 USD; the surface data does not establish a causal relationship.", "event_cluster_id": "btc-price-context-2026-08-03" }, "additional_coverage": [] } ] }, "marketRead": { "text": "1W ATM IV fell 1.25 volatility points to 30.39%, a routine move at the 60th percentile. Front-end ATM IV averaged 31.25%, -0.85 points from the prior snapshot, while the long end averaged 40.80%, -0.25 points. The 1Y-minus-1W ATM slope steepened 1.02 points to 11.53 points. 1M RR25 moved 0.74 volatility points toward calls to -4.76%, leaving puts richer than calls. 1W BF25 rose 0.10 volatility points to 1.94%. The nearest eligible forward, 6AUG26, rose $497.18 (+0.78%) to $63,834.12. Relevant context found; no confirmed catalyst; the strongest assessed relationship has low causal confidence.", "wordCount": 92, "source": "deterministic structured report facts", "evidenceFields": [ "summaryMetrics.largestAtmMove", "summaryMetrics.frontEndAverageAtm", "summaryMetrics.longEndAverageAtm", "summaryMetrics.oneYearMinusOneWeekAtmSlope", "summaryMetrics.largestRr25Move", "summaryMetrics.largestBf25Move", "summaryMetrics.nearestEligibleForwardMove", "newsContext.outcome", "newsContext.highest_causal_confidence" ] }, "facts": [ { "id": "front-atm", "label": "Front end", "text": "Front-end ATM IV decreased, averaging -0.85 volatility points to 31.25% across 1W, 2W and 1M." }, { "id": "back-atm", "label": "Long end", "text": "Long-dated ATM IV decreased, averaging -0.25 volatility points to 40.80% across 6M and 1Y." }, { "id": "rr25", "label": "Skew", "text": "RR25 moved towards calls, averaging +0.24 volatility points to -4.46% across the six headline tenors." }, { "id": "bf25", "label": "Convexity", "text": "BF25 was broadly unchanged, averaging +0.02 volatility points to 2.18% across the six headline tenors." }, { "id": "largest-standard-tenor", "label": "Largest standard-tenor move", "text": "The largest standard-tenor ATM IV move was -1.25 volatility points at 1W, to 30.39%.", "tenor": "1W", "value": -1.25 } ], "summaryMetrics": { "basis": "Fixed-tenor endpoint comparison", "unit": "volatility points", "atmIvChange": -0.54, "rr25Change": 0.24, "bf25Change": 0.02, "largestAtmMove": { "tenor": "1W", "current": 30.39, "previous": 31.64, "change": -1.25, "historicalSignificance": { "absoluteMove": 1.25, "movePercentile30d": 60.0, "movePercentileFullHistory": 39.6, "currentLevelPercentileFullHistory": 2.0, "classificationPercentile": 60.0, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 } }, "frontEndAverageAtm": { "current": 31.25, "previous": 32.1, "change": -0.85 }, "longEndAverageAtm": { "current": 40.8, "previous": 41.05, "change": -0.25 }, "oneYearMinusOneWeekAtmSlope": { "current": 11.53, "previous": 10.51, "change": 1.02 }, "largestRr25Move": { "tenor": "1M", "current": -4.76, "previous": -5.5, "change": 0.74, "historicalSignificance": { "absoluteMove": 0.74, "movePercentile30d": 86.7, "movePercentileFullHistory": 73.3, "currentLevelPercentileFullHistory": 61.8, "classificationPercentile": 86.7, "label": "notable", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "direction": "toward calls", "currentSign": "put-rich" }, "largestBf25Move": { "tenor": "1W", "current": 1.94, "previous": 1.84, "change": 0.1, "historicalSignificance": { "absoluteMove": 0.1, "movePercentile30d": 50.0, "movePercentileFullHistory": 36.6, "currentLevelPercentileFullHistory": 58.8, "classificationPercentile": 50.0, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 } }, "nearestEligibleForwardMove": { "label": "6AUG26", "daysToExpiry": 2.535, "current": 63834.12, "previous": 63336.94, "change": 497.18, "percentChange": 0.78 } }, "tenors": [ { "tenor": "1W", "targetExpiry": 1786388942333, "availability": "available", "unavailableReason": null, "atmIv": { "current": 30.39, "previous": 31.64, "change": -1.25, "percentChange": -3.95 }, "rr25": { "current": -3.7, "previous": -3.66, "change": -0.04, "percentChange": -1.09 }, "bf25": { "current": 1.94, "previous": 1.84, "change": 0.1, "percentChange": 5.43 }, "historicalSignificance": { "atmIv": { "absoluteMove": 1.25, "movePercentile30d": 60.0, "movePercentileFullHistory": 39.6, "currentLevelPercentileFullHistory": 2.0, "classificationPercentile": 60.0, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "rr25": { "absoluteMove": 0.04, "movePercentile30d": 0.0, "movePercentileFullHistory": 3.0, "currentLevelPercentileFullHistory": 52.9, "classificationPercentile": 3.0, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "bf25": { "absoluteMove": 0.1, "movePercentile30d": 50.0, "movePercentileFullHistory": 36.6, "currentLevelPercentileFullHistory": 58.8, "classificationPercentile": 50.0, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 } } }, { "tenor": "2W", "targetExpiry": 1786993742333, "availability": "available", "unavailableReason": null, "atmIv": { "current": 30.74, "previous": 31.6, "change": -0.86, "percentChange": -2.72 }, "rr25": { "current": -4.36, "previous": -4.58, "change": 0.22, "percentChange": 4.8 }, "bf25": { "current": 1.92, "previous": 1.86, "change": 0.06, "percentChange": 3.23 }, "historicalSignificance": { "atmIv": { "absoluteMove": 0.86, "movePercentile30d": 56.7, "movePercentileFullHistory": 39.6, "currentLevelPercentileFullHistory": 1.0, "classificationPercentile": 56.7, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "rr25": { "absoluteMove": 0.22, "movePercentile30d": 20.0, "movePercentileFullHistory": 20.8, "currentLevelPercentileFullHistory": 56.9, "classificationPercentile": 20.8, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "bf25": { "absoluteMove": 0.06, "movePercentile30d": 36.7, "movePercentileFullHistory": 20.8, "currentLevelPercentileFullHistory": 45.1, "classificationPercentile": 36.7, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 } } }, { "tenor": "1M", "targetExpiry": 1788376142333, "availability": "available", "unavailableReason": null, "atmIv": { "current": 32.63, "previous": 33.06, "change": -0.43, "percentChange": -1.3 }, "rr25": { "current": -4.76, "previous": -5.5, "change": 0.74, "percentChange": 13.45 }, "bf25": { "current": 2.1, "previous": 2.1, "change": 0.0, "percentChange": 0.0 }, "historicalSignificance": { "atmIv": { "absoluteMove": 0.43, "movePercentile30d": 43.3, "movePercentileFullHistory": 30.7, "currentLevelPercentileFullHistory": 1.0, "classificationPercentile": 43.3, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "rr25": { "absoluteMove": 0.74, "movePercentile30d": 86.7, "movePercentileFullHistory": 73.3, "currentLevelPercentileFullHistory": 61.8, "classificationPercentile": 86.7, "label": "notable", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 }, "bf25": { "absoluteMove": 0.0, "movePercentile30d": 0.0, "movePercentileFullHistory": 2.0, "currentLevelPercentileFullHistory": 41.2, "classificationPercentile": 2.0, "label": "routine", "observations30d": 30, "observationsFullHistory": 101, "levelObservationsFullHistory": 102 } } }, { "tenor": "3M", "targetExpiry": 1793646542333, 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