{"asset":"majors","cadence":"daily","dataArtifacts":{"dataCsv":{"bytes":29051,"mediaType":"text/csv","path":"/v1/research/majors/daily/2026-11-09/data/96af3404e3c9686a177a9308e5c237dd6b462e83933869718293458a408f1b46.csv","sha256":"96af3404e3c9686a177a9308e5c237dd6b462e83933869718293458a408f1b46"},"dataJson":{"bytes":841439,"mediaType":"application/json","path":"/v1/research/majors/daily/2026-11-09/data/0a32e489cbfc05384e955ded38c2e5fe33cd6791f9f66bd59c849d69893174a4.json","sha256":"0a32e489cbfc05384e955ded38c2e5fe33cd6791f9f66bd59c849d69893174a4"},"evidenceJson":{"bytes":3630565,"mediaType":"application/json","path":"/v1/research/majors/daily/2026-11-09/evidence/8a127b41c8b6c1a695b132b0c25404364f505ac9a12c76db57814a540dec2461.json","sha256":"8a127b41c8b6c1a695b132b0c25404364f505ac9a12c76db57814a540dec2461"},"schemaVersion":1},"html":"\n\nSOL leads the divergence in 1W ATM volatility
\"\" DERIVASYS

Focused research note

SOL leads the divergence in 1W ATM volatility

SOL 1W ATM volatility strengthened while BTC eased and ETH rose more modestly. The divergence concerns volatility expectations, not renewed downside asymmetry: 1W RR25 became less negative across the cohort. Firmer ETH and SOL 1M ATM volatility also qualifies a purely front-tenor interpretation.

Derivasys Research

Report date09 Nov 2026
Current snapshot09 Nov 2026 · 17:31 UTC
CoverageBTC, ETH, SOL
Comparison snapshot08 Nov 2026 · 17:31 UTC

The reading

What the evidence says

The central distinction is divergent 1W ATM, or at-the-money, implied volatility rather than a common repricing across crypto. BTC 1W ATM IV changed by -1.14 vol points [1] to 39.22% [2], versus ETH's +0.92 vol points [3] to 56.54% [4] and SOL's +4.71 vol points [5] to 61.73% [6] over their matched daily endpoints. SOL's 1W absolute move has a full-captured-history magnitude percentile of 83.3rd percentile [7]; this describes its individual move, not the rarity of the cross-asset configuration. The matched 1M comparison supports the directional split: BTC changed by -0.36 vol points [8] to 38.11% [9], ETH by +0.78 vol points [10] to 54.33% [11], and SOL by +1.08 vol points [12] to 57.18% [13]. SOL's larger 1W increase therefore has a broader 1M counterpart, while its 3M change of -0.18 vol points [14] limits any claim of uniformly firmer SOL ATM volatility.

Directional asymmetry moved differently from ATM volatility. RR25 measures call-versus-put IV asymmetry: BTC 1W RR25 changed by +1.72 vol points [15] to -2.72 vol points [16], ETH by +2.29 vol points [17] to -4.12 vol points [18], and SOL by +0.52 vol points [19] to -2.87 vol points [20]. Existing downside biases eased but remained negative, including where 1W ATM IV rose. Matched 1M RR25 changes of +0.73 vol points [21] for BTC, +0.45 vol points [22] for ETH and +0.05 vol points [23] for SOL show that skew relief extended beyond 1W, though SOL's 1M adjustment was slight. BF25, the average wing IV premium over ATM, also needs tenor-specific interpretation. Its 1W changes were -0.24 vol points [24] for BTC, -0.19 vol points [25] for ETH and -0.07 vol points [26] for SOL. At 2W, BTC BF25 changed by -0.17 vol points [27] to 0.97 vol points [28], ETH by -0.13 vol points [29] to 1.78 vol points [30], and SOL by +0.01 vol points [31] to 1.60 vol points [32]. Matched 1M BF25 changes were -0.03 vol points [33], -0.01 vol points [34] and +0.12 vol points [35], respectively. Thus the shared 1W butterfly-premium narrowing does not describe every tenor, nor does it establish falling absolute wing IV.

Spot performance further separates the ATM and skew readings. Over the crypto daily comparison, BTC spot changed by -1.12% [36], ETH by -4.47% [37] and SOL by -2.90% [38]. ETH's weaker spot performance therefore coexisted with a smaller 1W ATM increase than SOL's, weakening a simple ordering of volatility repricing by spot losses. Across the common trailing realized-volatility window, BTC measured 43.16% [39], ETH 55.39% [40] and SOL 62.98% [41]. Forward 1W ATM IV minus trailing realized volatility was -3.94 vol points [42] for BTC, +1.15 vol points [43] for ETH and -1.25 vol points [44] for SOL. SOL's rising 1W ATM IV still sat below its trailing realized measure, while ETH's sat above its own. These describe different forward and backward windows; they do not identify cheap options or a trading edge.

BTC's easing 1W and 1M ATM IV should also be distinguished from broader BTC volatility benchmarks. The fitted-surface DS30 measure was 43.11 vol points [45], while the independently timed BVIV reference was 41.99 vol points [46]; BVIV minus DS30 was -1.12 vol points [47]. Their different construction prevents treating either as interchangeable with fitted 1M ATM IV. Meanwhile, Wu Blockchain flagged prospective US inflation releases as potential rate catalysts. That shared event backdrop makes the divergent BTC, ETH and SOL 1W ATM responses worth monitoring, but supplies no explanation for their relative magnitudes. The relevant distinction remains firmer altcoin 1W ATM volatility alongside easing 1W downside asymmetry, with supportive but smaller altcoin 1M ATM increases.

Qualifications and limits

  • Historical magnitude ranks describe selected observed samples in their stated captured-history windows; missing dates and selection can bias them. They do not establish joint cross-asset rarity or statistical significance.
  • Trailing realized volatility uses canonical minute returns with calendar-day annualization and no gap filling; arithmetic consistency does not independently verify underlying prices. DS30 and BVIV have different constructions and independently selected native timestamps, and DS30's historical ingestion time is unknown.
  • News publication, market observation and retrieval clocks differ. Prospective inflation reporting supplies neither a verified surprise nor causal evidence for the tenor divergence; liquidity, positioning and event attribution remain unresolved.

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 · 1W39.22 %[2]-1.14 vol pts[1]-2.72 vol pts[16]1.72 vol pts[15]-0.24 vol pts[24]
BTC · 2W38.20 %[48]-0.60 vol pts[49]-2.85 vol pts[50]1.46 vol pts[51]-0.17 vol pts[27]
BTC · 1M38.11 %[9]-0.36 vol pts[8]-2.90 vol pts[52]0.73 vol pts[21]-0.03 vol pts[33]
ETH · 1W56.54 %[4]0.92 vol pts[3]-4.12 vol pts[18]2.29 vol pts[17]-0.19 vol pts[25]
ETH · 2W55.38 %[53]1.05 vol pts[54]-3.52 vol pts[55]1.65 vol pts[56]-0.13 vol pts[29]
ETH · 1M54.33 %[11]0.78 vol pts[10]-2.87 vol pts[57]0.45 vol pts[22]-0.01 vol pts[34]
SOL · 1W61.73 %[6]4.71 vol pts[5]-2.87 vol pts[20]0.52 vol pts[19]-0.07 vol pts[26]
SOL · 2W59.02 %[58]3.01 vol pts[59]-2.00 vol pts[60]0.54 vol pts[61]0.01 vol pts[31]
SOL · 1M57.18 %[13]1.08 vol pts[12]-1.65 vol pts[62]0.05 vol pts[23]0.12 vol pts[35]
SOL · 3M56.01 %[63]-0.18 vol pts[14]-0.89 vol pts[64]-0.63 vol pts[65]0.08 vol pts[66]

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
BTC40.36 % [67]38.47 % [68]39.22 % [2]38.11 % [9]Remained inverted
ETH55.62 % [69]53.55 % [70]56.54 % [4]54.33 % [11]Remained inverted
SOL57.02 % [71]56.10 % [72]61.73 % [6]57.18 % [13]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
BTC2026-11-09T17:31:00+00:00-1.11 vol pts [73]
BTC2026-11-08T17:31:00+00:00-1.89 vol pts [74]
BTC2026-11-07T17:31:00+00:00-0.86 vol pts [75]
BTC2026-11-06T17:31:00+00:00-0.78 vol pts [76]
ETH2026-11-09T17:31:00+00:00-2.21 vol pts [77]
ETH2026-11-08T17:31:00+00:00-2.07 vol pts [78]
ETH2026-11-07T17:31:00+00:00+0.08 vol pts [79]
ETH2026-11-06T17:31:00+00:00+0.08 vol pts [80]
SOL2026-11-09T17:31:00+00:00-4.55 vol pts [81]
SOL2026-11-08T17:31:00+00:00-0.92 vol pts [82]
SOL2026-11-07T17:31:00+00:00-1.79 vol pts [83]
SOL2026-11-06T17:31:00+00:00-1.74 vol pts [84]

1W ATM IV change across assets

Scroll horizontally to see the full chart.

1W ATM IV change across assetsSigned change around zero. The complete configured asset cohort is shown; grey cells are missing or have an ineligible native interval, never zero. Only the stated common native interval and units are comparable.BTC-1.14ETH+0.92SOL+4.71Change (volatility points)
Signed change around zero. The complete configured asset cohort is shown; grey cells are missing or have an ineligible native interval, never zero. Only the stated common native interval and units are comparable.

Observed 1M minus 1W ATM IV by asset and date

Scroll horizontally to see the full chart.

Observed 1M minus 1W ATM IV by asset and dateExact native slope observations for the complete configured asset cohort. Negative values are inverted; zero is flat. The symmetric colour scale is centred on zero. Grey cells are uncaptured endpoints, never zero; no history is filled. Column spacing is categorical; elapsed durations are not encoded.2026-11-062026-11-072026-11-082026-11-09BTC-0.78-0.86-1.89-1.11ETH0.080.08-2.07-2.21SOL-1.74-1.79-0.92-4.55Negative −4.55 · 0 · +4.55 Positive (volatility points)Native observation clocks (equally spaced columns)1M minus 1W ATM IV (volatility points)
Exact native slope observations for the complete configured asset cohort. Negative values are inverted; zero is flat. The symmetric colour scale is centred on zero. Grey cells are uncaptured endpoints, never zero; no history is filled. Column spacing is categorical; elapsed durations are not encoded.

ETH trailing 7d variance: entering and leaving returns

Scroll horizontally to see the full chart.

ETH trailing 7d variance: entering and leaving returnsReplayed same-series squared-minute arithmetic; not independent price validation. No fill, interpolation or gap bridging. Effects add in annualized squared volatility points, not RV percentage points. Current and previous coverage: 100.0% / 100.0%. The denominator effect is explicit; Net is the sum of the three effects. Selected by largest absolute variance change within the qualified common native interval; configured asset order resolves ties.Entering+898.3Leaving-277.2Denominator0Net+621.1squared volatility points (annualized) (squared volatility points (annualized))
Replayed same-series squared-minute arithmetic; not independent price validation. No fill, interpolation or gap bridging. Effects add in annualized squared volatility points, not RV percentage points. Current and previous coverage: 100.0% / 100.0%. The denominator effect is explicit; Net is the sum of the three effects. Selected by largest absolute variance change within the qualified common native interval; configured asset order resolves ties.
Full original chart detail

Cross-asset RR25 change

Cross-asset RR25 change-3.00 vol pts0.00 vol pts3.00 vol pts1W1W · BTC: 1.72 vol pts1.721W · ETH: 2.29 vol pts2.291W · SOL: 0.52 vol pts0.521M1M · BTC: 0.73 vol pts0.731M · ETH: 0.45 vol pts0.451M · SOL: 0.05 vol pts0.05
BTC · ETH · SOL. Matched native endpoints, window and units; changes in volatility points.

Figure evidence: [15] [21] [17] [22] [19] [23]

1W ATM IV move comparison

1W ATM IV move comparison-5.00 vol pts0.00 vol pts5.00 vol ptsBTCBTC · Change: -1.14 vol pts-1.14ETHETH · Change: 0.92 vol pts0.92SOLSOL · Change: 4.71 vol pts4.71
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 · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.24 vol pts-0.241W · ETH · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.19 vol pts-0.191W · SOL · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.07 vol pts-0.072W2W · BTC · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.17 vol pts-0.172W · ETH · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.13 vol pts-0.132W · SOL · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: 0.01 vol pts0.011M1M · BTC · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.03 vol pts-0.031M · ETH · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: -0.01 vol pts-0.011M · SOL · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h: 0.12 vol pts0.12
BTC · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h · ETH · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h · SOL · 08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC · 24h. Own-run receipt-matched changes; missing or ambiguous points remain gaps.

Figure evidence: [24] [27] [33] [25] [29] [34] [26] [31] [35]

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 reversal10 Nov 2026 · 17:31 UTCCurrent level: at or above -4.12 vol pts (current level).
Between current and prior: strictly below -4.12 vol pts and strictly above -6.41 vol pts.
Prior level: at or below -6.41 vol pts (prior level).		08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC[18] [127] [17]
BTC · 1W 25-delta risk reversal10 Nov 2026 · 17:31 UTCCurrent level: at or above -2.72 vol pts (current level).
Between current and prior: strictly below -2.72 vol pts and strictly above -4.44 vol pts.
Prior level: at or below -4.44 vol pts (prior level).		08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC[16] [85] [15]
SOL · 1W 25-delta risk reversal10 Nov 2026 · 17:31 UTCCurrent level: at or above -2.87 vol pts (current level).
Between current and prior: strictly below -2.87 vol pts and strictly above -3.39 vol pts.
Prior level: at or below -3.39 vol pts (prior level).		08 Nov 2026 · 17:31 UTC → 09 Nov 2026 · 17:31 UTC[20] [172] [19]
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 1W.atmIv.absolute_move[7]full captured history542026-09-09T17:31:00+00:00 to 2026-11-08T17:31:00+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] BTC 1W ATM IV difference

-1.14 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[2] BTC 1W ATM IV

39.22 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[3] ETH 1W ATM IV difference

0.92 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[4] ETH 1W ATM IV

56.54 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[5] SOL 1W ATM IV difference

4.71 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[6] SOL 1W ATM IV

61.73 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[7] SOL 1W ATM IV absolute move percentile

83.33 percentile

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[8] BTC 1M ATM IV difference

-0.36 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[9] BTC 1M ATM IV

38.11 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[10] ETH 1M ATM IV difference

0.78 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[11] ETH 1M ATM IV

54.33 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[12] SOL 1M ATM IV difference

1.08 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[13] SOL 1M ATM IV

57.18 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[14] SOL 3M ATM IV difference

-0.18 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[15] BTC 1W RR25 difference

1.72 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[16] BTC 1W RR25

-2.72 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[17] ETH 1W RR25 difference

2.29 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[18] ETH 1W RR25

-4.12 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[19] SOL 1W RR25 difference

0.52 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[20] SOL 1W RR25

-2.87 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[21] BTC 1M RR25 difference

0.73 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[22] ETH 1M RR25 difference

0.45 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[23] SOL 1M RR25 difference

0.05 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[24] BTC 1W BF25 difference

-0.24 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[25] ETH 1W BF25 difference

-0.19 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[26] SOL 1W BF25 difference

-0.07 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[27] BTC 2W BF25 difference

-0.17 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[28] BTC 2W BF25

0.97 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[29] ETH 2W BF25 difference

-0.13 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[30] ETH 2W BF25

1.78 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[31] SOL 2W BF25 difference

0.01 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[32] SOL 2W BF25

1.60 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[33] BTC 1M BF25 difference

-0.03 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[34] ETH 1M BF25 difference

-0.01 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[35] SOL 1M BF25 difference

0.12 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[36] BTC spotPrice percentage change

-1.12 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[37] ETH spotPrice percentage change

-4.47 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[38] SOL spotPrice percentage change

-2.90 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[39] BTC rv7d.recomputed

43.16 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[40] ETH rv7d.recomputed

55.39 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[41] SOL rv7d.recomputed

62.98 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[42] BTC 1W atmIv-rv7d spread

-3.94 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[43] ETH 1W atmIv-rv7d spread

1.15 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[44] SOL 1W atmIv-rv7d spread

-1.25 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[45] BTC btcVol.ds30

43.11 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[46] BTC btcVol.bviv

41.99 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[47] BTC btcVol.bvivMinusDs30

-1.12 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[48] BTC 2W ATM IV

38.20 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[49] BTC 2W ATM IV difference

-0.60 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[50] BTC 2W RR25

-2.85 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[51] BTC 2W RR25 difference

1.46 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[52] BTC 1M RR25

-2.90 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[53] ETH 2W ATM IV

55.38 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[54] ETH 2W ATM IV difference

1.05 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[55] ETH 2W RR25

-3.52 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[56] ETH 2W RR25 difference

1.65 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[57] ETH 1M RR25

-2.87 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[58] SOL 2W ATM IV

59.02 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[59] SOL 2W ATM IV difference

3.01 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[60] SOL 2W RR25

-2.00 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[61] SOL 2W RR25 difference

0.54 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[62] SOL 1M RR25

-1.65 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[63] SOL 3M ATM IV

56.01 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[64] SOL 3M RR25

-0.89 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[65] SOL 3M RR25 difference

-0.63 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[66] SOL 3M BF25 difference

0.08 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[67] BTC 1W ATM IV

40.36 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[68] BTC 1M ATM IV

38.47 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[69] ETH 1W ATM IV

55.62 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[70] ETH 1M ATM IV

53.55 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[71] SOL 1W ATM IV

57.02 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[72] SOL 1M ATM IV

56.10 %

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

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

-1.11 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-1.89 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-0.86 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-0.78 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-2.21 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-2.07 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

0.08 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

0.08 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-4.55 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-0.92 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-1.79 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

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

-1.74 vol pts

Source type: calculation

Observed: 2026-11-09T17:59:36.855967+00:00

[85] BTC 1W RR25

-4.44 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[127] ETH 1W RR25

-6.41 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

[172] SOL 1W RR25

-3.39 vol pts

Source type: calculation

Observed: 2026-11-09T17:31:00+00:00

","provenance":{"canonicalReportSha256":"08ad6d5a8b0a206d0e4b40b75a2cd36c64aa667e755059217052de69c6667ddf","presentationSha256":"39b4fd2fffb4aa274b9da3f1b574d24fc372174428db80f42b5507d2fd251598","reviewedReportSha256":"08ad6d5a8b0a206d0e4b40b75a2cd36c64aa667e755059217052de69c6667ddf","sourceHtmlSha256":"7f1669e452e97aeabd07f317ffe53e6418600e7b260f1c13e75397206d26d70c","sourceJournalSha256":"73ab54b13397884d662f01391d63aad851bec88d080bb58341d07e1b92981566"},"reportDate":"2026-11-09","schemaVersion":1,"snapshotUtc":"2026-11-09T17:31:00+00:00","summary":"SOL 1W ATM volatility strengthened while BTC eased and ETH rose more modestly. The divergence concerns volatility expectations, not renewed downside asymmetry: 1W RR25 became less negative across the cohort. Firmer ETH and SOL 1M ATM volatility also qualifies a purely front-tenor interpretation.","title":"SOL leads the divergence in 1W ATM volatility"}