{"asset":"majors","cadence":"daily","dataArtifacts":{"dataCsv":{"bytes":29047,"mediaType":"text/csv","path":"/v1/research/majors/daily/2026-11-08/data/0d5792e0f20c9f17f99c1aacefeddcc138564d6101f46d30783655841bb35d38.csv","sha256":"0d5792e0f20c9f17f99c1aacefeddcc138564d6101f46d30783655841bb35d38"},"dataJson":{"bytes":813646,"mediaType":"application/json","path":"/v1/research/majors/daily/2026-11-08/data/d70ad50e3ab88158fb9915109574ac82a7f20e35461ada8cec87afcc6bec6903.json","sha256":"d70ad50e3ab88158fb9915109574ac82a7f20e35461ada8cec87afcc6bec6903"},"evidenceJson":{"bytes":3585255,"mediaType":"application/json","path":"/v1/research/majors/daily/2026-11-08/evidence/07a9436e0087b0bc7e7e512bc770d7c090321cf16be1f4be886530caee8cedb5.json","sha256":"07a9436e0087b0bc7e7e512bc770d7c090321cf16be1f4be886530caee8cedb5"},"schemaVersion":1},"html":"\n\nETH leads uneven 1W ATM volatility repricing
\"\" DERIVASYS

Focused research note

ETH leads uneven 1W ATM volatility repricing

ETH led the rise in 1W at-the-money implied volatility, while SOL's larger ATM adjustment occurred at 1M. Directional pricing diverged: BTC and ETH deepened their existing 1W downside skew, whereas SOL's 1W skew eased despite weaker spot. These differences favor an asset- and tenor-specific interpretation over a uniform increase in defensive pricing.

Derivasys Research

Report date08 Nov 2026
Current snapshot08 Nov 2026 · 17:31 UTC
CoverageBTC, ETH, SOL
Comparison snapshot07 Nov 2026 · 17:31 UTC

The reading

What the evidence says

The daily comparison shows uneven increases in ATM, or at-the-money, implied volatility. ETH 1W ATM IV changed by +3.27 vol points [1] to 55.62% [2], compared with BTC's +1.68 vol points [3] to 40.36% [4] and SOL's +0.84 vol points [5] to 57.02% [6]. The matched 1M comparison changes the ordering: SOL ATM IV changed by +1.71 vol points [7] to 56.10% [8], ETH by +1.12 vol points [9] to 53.55% [10], and BTC by +0.65 vol points [11] to 38.47% [12]. ETH and BTC therefore showed larger ATM increases at 1W than at 1M, while SOL showed the reverse. SOL's 1M absolute move ranked at 74.1st percentile [13] within its full captured eligible history, 54 observations (observed sampling; 09 Sep 2026–07 Nov 2026) [13]. That magnitude comparison does not establish an unusually rare cross-asset configuration.

RR25, the call-versus-put IV asymmetry, separates higher ATM volatility from directional protection pricing. BTC 1W RR25 changed by -1.01 vol points [14] to -4.44 vol points [15], while ETH 1W RR25 changed by -0.37 vol points [16] to -6.41 vol points [17]. These moves deepened existing downside biases. SOL instead showed 1W skew relief: RR25 changed by +0.69 vol points [18] to -3.39 vol points [19], remaining negative. The matched 1M evidence reverses the altcoin relationship: ETH RR25 changed by +0.74 vol points [20] to -3.32 vol points [21], easing its downside bias, whereas SOL changed by -0.35 vol points [22] to -1.70 vol points [23], deepening its downside bias. BTC 1M RR25 changed only by -0.09 vol points [24] to -3.63 vol points [25]. ETH and SOL thus had opposing skew adjustments across 1W and 1M; neither weekly result describes directional pricing across its entire surface.

Butterfly pricing provides a narrower supporting distinction. BF25 measures the average wing IV premium over ATM, rather than absolute wing IV or directional bias. At 1W, that premium changed by +0.04 vol points [26] for BTC, +0.16 vol points [27] for ETH and +0.24 vol points [28] for SOL. The 2W premiums stood at 1.14 vol points [29] for BTC, 1.91 vol points [30] for ETH and 1.59 vol points [31] for SOL, with respective changes of +0.01 vol points [32], -0.13 vol points [33] and +0.11 vol points [34]. At 1M, BTC BF25 changed by -0.01 vol points [35], ETH by -0.10 vol points [36], and SOL by +0.06 vol points [37] to 1.68 vol points [38]. SOL's butterfly premium therefore widened across these tenors, with the largest adjustment at 1W, even though its larger ATM increase occurred at 1M. ETH's butterfly premium narrowed at 2W and 1M despite widening at 1W. These modest butterfly changes support the tenor distinctions without establishing a separate broad wing repricing regime.

Spot and realized volatility qualify the interpretation of higher 1W ATM IV. Over the daily crypto comparison, spot changed by -0.17% [39] for BTC, -0.43% [40] for ETH and -0.78% [41] for SOL. Trailing realized volatility, recomputed from canonical minute prices over the common weekly horizon, was 38.37% [42], 49.46% [43] and 58.31% [44], respectively. Forward 1W IV minus trailing realized volatility was +1.99 vol points [45] for BTC, +6.16 vol points [46] for ETH and -1.29 vol points [47] for SOL. SOL combined the weakest spot return with 1W skew relief and a negative IV-minus-RV spread, underscoring why higher ATM IV should not be read as uniform defensive repricing. Separately, BTC's model-free DS30 reference was 43.71 vol points [48], versus BVIV at 42.63 vol points [49], leaving BVIV minus DS30 at -1.08 vol points [50]. Those independently timed references are distinct from fixed-tenor ATM IV. During the news window, ZeroHedge relayed Gulf attack and maritime incident reports. They provide a possible risk backdrop, but do not explain why ETH's ATM increase favored 1W while SOL's favored 1M.

Qualifications and limits

  • Daily surface comparisons retain their native endpoints. Historical ranks describe selected observed samples with gaps, rather than population rarity or joint statistical significance; unsupported distant tenors limit whole-curve conclusions.
  • Realized volatility uses adjacent observed minute returns, without interpolation, on an annualized calendar-day basis. Forward 1W IV and trailing realized volatility cover different periods, so their spread establishes neither a forecast nor a trading edge. Same-series recomputation does not independently validate the underlying prices; DS30's historical ingestion time is unverified.
  • The news window differs from the options comparison. Gulf incidents remain attributed secondary reporting, physical supply disruption is unverified, and no event-specific evidence establishes the cause of the tenor or cross-asset differences.

Verified market snapshot

Current levels and changes over each recorded native interval. Only receipt-matched quotes are shown; an em dash marks a missing matching quote.
Asset · tenorATM IVATM IV changeRR25RR25 changeBF25 change
BTC · 1W40.36 %[4]1.68 vol pts[3]-4.44 vol pts[15]-1.01 vol pts[14]0.04 vol pts[26]
BTC · 2W38.80 %[51]0.89 vol pts[52]-4.31 vol pts[53]-0.55 vol pts[54]0.01 vol pts[32]
BTC · 1M38.47 %[12]0.65 vol pts[11]-3.63 vol pts[25]-0.09 vol pts[24]-0.01 vol pts[35]
ETH · 1W55.62 %[2]3.27 vol pts[1]-6.41 vol pts[17]-0.37 vol pts[16]0.16 vol pts[27]
ETH · 2W54.33 %[55]2.23 vol pts[56]-5.17 vol pts[57]0.64 vol pts[58]-0.13 vol pts[33]
ETH · 1M53.55 %[10]1.12 vol pts[9]-3.32 vol pts[21]0.74 vol pts[20]-0.10 vol pts[36]
SOL · 1W57.02 %[6]0.84 vol pts[5]-3.39 vol pts[19]0.69 vol pts[18]0.24 vol pts[28]
SOL · 2W56.01 %[59]1.24 vol pts[60]-2.54 vol pts[61]0.12 vol pts[62]0.11 vol pts[34]
SOL · 1M56.10 %[8]1.71 vol pts[7]-1.70 vol pts[23]-0.35 vol pts[22]0.06 vol pts[37]

Weekly versus monthly curve

Matched native endpoints; inverted means monthly ATM IV is below weekly ATM IV. Regimes compare verified levels; no numerical slope is inferred.
AssetPrior 1WPrior 1MCurrent 1WCurrent 1MCurve regime
BTC38.68 % [63]37.82 % [64]40.36 % [4]38.47 % [12]Remained inverted
ETH52.35 % [65]52.43 % [66]55.62 % [2]53.55 % [10]Upward sloping → Inverted
SOL56.18 % [67]54.39 % [68]57.02 % [6]56.10 % [8]Remained inverted
Recent ATM curve history

One-month minus one-week at-the-money implied volatility. Negative values mean an inverted curve. Each row retains its native observation time; missing days are not filled.

AssetNative observation (UTC)1M minus 1W ATM IV
BTC2026-11-08T17:31:00+00:00-1.89 vol pts [69]
BTC2026-11-07T17:31:00+00:00-0.86 vol pts [70]
BTC2026-11-06T17:31:00+00:00-0.78 vol pts [71]
BTC2026-11-05T17:31:00+00:00-2.29 vol pts [72]
ETH2026-11-08T17:31:00+00:00-2.07 vol pts [73]
ETH2026-11-07T17:31:00+00:00+0.08 vol pts [74]
ETH2026-11-06T17:31:00+00:00+0.08 vol pts [75]
ETH2026-11-05T17:31:00+00:00-0.56 vol pts [76]
SOL2026-11-08T17:31:00+00:00-0.92 vol pts [77]
SOL2026-11-07T17:31:00+00:00-1.79 vol pts [78]
SOL2026-11-06T17:31:00+00:00-1.74 vol pts [79]
SOL2026-11-05T17:31:00+00:00-7.77 vol pts [80]

Cross-asset RR25 change

Cross-asset RR25 change-2.00 vol pts0.00 vol pts2.00 vol pts1W1W · BTC: -1.01 vol pts-1.011W · ETH: -0.37 vol pts-0.371W · SOL: 0.69 vol pts0.691M1M · BTC: -0.09 vol pts-0.091M · ETH: 0.74 vol pts0.741M · SOL: -0.35 vol pts-0.35
BTC · ETH · SOL. Matched native endpoints, window and units; changes in volatility points.

Figure evidence: [14] [24] [16] [20] [18] [22]

1W ATM IV move comparison

1W ATM IV move comparison-4.00 vol pts0.00 vol pts4.00 vol ptsBTCBTC · Change: 1.68 vol pts1.68ETHETH · Change: 3.27 vol pts3.27SOLSOL · Change: 0.84 vol pts0.84
Change. Common recorded native interval and eligible cohort only.

BF25 change by tenor

BF25 change by tenor-0.30 vol pts0.00 vol pts0.30 vol pts1W1W · BTC · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: 0.04 vol pts0.041W · ETH · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: 0.16 vol pts0.161W · SOL · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: 0.24 vol pts0.242W2W · BTC · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: 0.01 vol pts0.012W · ETH · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: -0.13 vol pts-0.132W · SOL · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: 0.11 vol pts0.111M1M · BTC · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: -0.01 vol pts-0.011M · ETH · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: -0.10 vol pts-0.101M · SOL · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h: 0.06 vol pts0.06
BTC · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h · ETH · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h · SOL · 07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC · 24h. Own-run receipt-matched changes; missing or ambiguous points remain gaps.

Figure evidence: [26] [32] [35] [27] [33] [36] [28] [34] [37]

What to watch next

Each monitor describes a verified component or central counterexample of the selected story; observation tests, not a joint forecast.
Story componentNext snapshotObserved conditionComparison periodEvidence
ETH · 1W 25-delta risk reversal09 Nov 2026 · 17:31 UTCCurrent level: at or below -6.41 vol pts (current level).
Between current and prior: strictly above -6.41 vol pts and strictly below -6.04 vol pts.
Prior level: at or above -6.04 vol pts (prior level).		07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC[17] [126] [16]
BTC · 1W 25-delta risk reversal09 Nov 2026 · 17:31 UTCCurrent level: at or below -4.44 vol pts (current level).
Between current and prior: strictly above -4.44 vol pts and strictly below -3.43 vol pts.
Prior level: at or above -3.43 vol pts (prior level).		07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC[15] [81] [14]
SOL · 1W 25-delta risk reversal09 Nov 2026 · 17:31 UTCCurrent level: at or above -3.39 vol pts (current level).
Between current and prior: strictly below -3.39 vol pts and strictly above -4.08 vol pts.
Prior level: at or below -4.08 vol pts (prior level).		07 Nov 2026 · 17:31 UTC → 08 Nov 2026 · 17:31 UTC[19] [171] [18]
Historical sampling methodology

Each rank describes its supplied population. Exact consecutive daily endpoints use fixed UTC anchors and 24 elapsed hours, including across daylight-saving changes. Missing pairs are omitted without interpolation; their absence does not establish why the provider omitted them. Full captured history is bounded by this run. Different captures and windows can have different denominators even when their ranks agree.

MeasurePopulationObserved pairs or levelsRequested windowExcluded pair or level endpoints
SOL 1M.atmIv.absolute_move[13]full captured history542026-09-08T17:31:00+00:00 to 2026-11-07T17:31:00+00:002026-09-12T17:31:00+00:00, 2026-09-13T17:31:00+00:00, 2026-09-21T17:31:00+00:00, 2026-09-22T17:31:00+00:00, 2026-09-28T17:31:00+00:00, 2026-09-29T17:31:00+00:00

Source reporting

BF25 = (25-delta call IV + 25-delta put IV) / 2 − ATM IV. Levels and changes are measured in volatility points.

Retrospective report: native market dates are distinct from later retrieval and run clocks. Later capture does not establish availability at the original cutoff.

Source notes

[1] ETH 1W ATM IV difference

3.27 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[2] ETH 1W ATM IV

55.62 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[3] BTC 1W ATM IV difference

1.68 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[4] BTC 1W ATM IV

40.36 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[5] SOL 1W ATM IV difference

0.84 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[6] SOL 1W ATM IV

57.02 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[7] SOL 1M ATM IV difference

1.71 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[8] SOL 1M ATM IV

56.10 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[9] ETH 1M ATM IV difference

1.12 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[10] ETH 1M ATM IV

53.55 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[11] BTC 1M ATM IV difference

0.65 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[12] BTC 1M ATM IV

38.47 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[13] SOL 1M ATM IV absolute move percentile

74.07 percentile

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[14] BTC 1W RR25 difference

-1.01 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[15] BTC 1W RR25

-4.44 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[16] ETH 1W RR25 difference

-0.37 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[17] ETH 1W RR25

-6.41 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[18] SOL 1W RR25 difference

0.69 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[19] SOL 1W RR25

-3.39 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[20] ETH 1M RR25 difference

0.74 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[21] ETH 1M RR25

-3.32 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[22] SOL 1M RR25 difference

-0.35 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[23] SOL 1M RR25

-1.70 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[24] BTC 1M RR25 difference

-0.09 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[25] BTC 1M RR25

-3.63 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[26] BTC 1W BF25 difference

0.04 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[27] ETH 1W BF25 difference

0.16 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[28] SOL 1W BF25 difference

0.24 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[29] BTC 2W BF25

1.14 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[30] ETH 2W BF25

1.91 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[31] SOL 2W BF25

1.59 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[32] BTC 2W BF25 difference

0.01 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[33] ETH 2W BF25 difference

-0.13 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[34] SOL 2W BF25 difference

0.11 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[35] BTC 1M BF25 difference

-0.01 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[36] ETH 1M BF25 difference

-0.10 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[37] SOL 1M BF25 difference

0.06 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[38] SOL 1M BF25

1.68 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[39] BTC spotPrice percentage change

-0.17 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[40] ETH spotPrice percentage change

-0.43 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[41] SOL spotPrice percentage change

-0.78 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[42] BTC rv7d.recomputed

38.37 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[43] ETH rv7d.recomputed

49.46 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[44] SOL rv7d.recomputed

58.31 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[45] BTC 1W atmIv-rv7d spread

1.99 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[46] ETH 1W atmIv-rv7d spread

6.16 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[47] SOL 1W atmIv-rv7d spread

-1.29 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[48] BTC btcVol.ds30

43.71 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[49] BTC btcVol.bviv

42.63 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[50] BTC btcVol.bvivMinusDs30

-1.08 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[51] BTC 2W ATM IV

38.80 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[52] BTC 2W ATM IV difference

0.89 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[53] BTC 2W RR25

-4.31 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[54] BTC 2W RR25 difference

-0.55 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[55] ETH 2W ATM IV

54.33 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[56] ETH 2W ATM IV difference

2.23 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[57] ETH 2W RR25

-5.17 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[58] ETH 2W RR25 difference

0.64 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[59] SOL 2W ATM IV

56.01 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[60] SOL 2W ATM IV difference

1.24 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[61] SOL 2W RR25

-2.54 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[62] SOL 2W RR25 difference

0.12 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[63] BTC 1W ATM IV

38.68 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[64] BTC 1M ATM IV

37.82 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[65] ETH 1W ATM IV

52.35 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[66] ETH 1M ATM IV

52.43 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[67] SOL 1W ATM IV

56.18 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[68] SOL 1M ATM IV

54.39 %

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[69] BTC 1M atmIv-1W.atmIv spread

-1.89 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[70] BTC 1M atmIv-1W.atmIv spread

-0.86 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[71] BTC 1M atmIv-1W.atmIv spread

-0.78 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[72] BTC 1M atmIv-1W.atmIv spread

-2.29 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[73] ETH 1M atmIv-1W.atmIv spread

-2.07 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[74] ETH 1M atmIv-1W.atmIv spread

0.08 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[75] ETH 1M atmIv-1W.atmIv spread

0.08 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[76] ETH 1M atmIv-1W.atmIv spread

-0.56 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[77] SOL 1M atmIv-1W.atmIv spread

-0.92 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[78] SOL 1M atmIv-1W.atmIv spread

-1.79 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[79] SOL 1M atmIv-1W.atmIv spread

-1.74 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[80] SOL 1M atmIv-1W.atmIv spread

-7.77 vol pts

Source type: calculation

Observed: 2026-11-08T17:40:18.103193+00:00

[81] BTC 1W RR25

-3.43 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[126] ETH 1W RR25

-6.04 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

[171] SOL 1W RR25

-4.08 vol pts

Source type: calculation

Observed: 2026-11-08T17:31:00+00:00

","provenance":{"canonicalReportSha256":"45dfd4b15dbc9761d474121405e0e918e53b931d6db6589087ed467ee282cb0a","presentationSha256":"928f106705f06026d9926e3720e89da7128b4f8e9dfa9726d3a9ff40b9d816f8","reviewedReportSha256":"45dfd4b15dbc9761d474121405e0e918e53b931d6db6589087ed467ee282cb0a","sourceHtmlSha256":"774e102fa98e11516ec1e6e450e478998718b685d97204c862e6ee95f30281c0","sourceJournalSha256":"a42f1f45d1b58dccca9536bb91ef04845b21ebb9cee9351ca6e0fe76bc909bf8"},"reportDate":"2026-11-08","schemaVersion":1,"snapshotUtc":"2026-11-08T17:31:00+00:00","summary":"ETH led the rise in 1W at-the-money implied volatility, while SOL's larger ATM adjustment occurred at 1M. Directional pricing diverged: BTC and ETH deepened their existing 1W downside skew, whereas SOL's 1W skew eased despite weaker spot. These differences favor an asset- and tenor-specific interpretation over a uniform increase in defensive pricing.","title":"ETH leads uneven 1W ATM volatility repricing"}