{"schemaVersion":1,"asset":"BTC","reportDate":"2026-11-09","timestamps":{"currentSnapshotAt":null,"previousSnapshotAt":null,"generatedAt":null,"reportSnapshotAt":"2026-11-09T17:31:00+00:00","informationAsOf":"2026-11-09T17:59:36.855967+00:00"},"comparison":{"status":"research-row-specific","note":"Comparison availability and native timestamps are recorded on each research row."},"provenance":{"reportArtifact":"published research daily data","sourceReport":"BTC","sourceReportHref":"/reports/2026-11-09","source":"SHA-256 verified published research data attachment","comparison":"Original research rows; values are not recomputed.","rrConvention":"25-delta call IV minus put IV","bfConvention":"BF25 = (25-delta call IV + 25-delta put IV) / 2 − ATM IV","fixedTenors":"1W, 2W, 1M, 2M, 3M, 6M, 9M, 1Y","realisedVolatility":null,"researchReport":{"path":"/v1/research/btc/daily/2026-11-09/4f825889c77ca91fcc095bab5ee4703d0e3155bc487a106175fbae9bfad74000.json","sha256":"4f825889c77ca91fcc095bab5ee4703d0e3155bc487a106175fbae9bfad74000","reportUrl":"https://d1lo1ty2ac77zf.cloudfront.net/v1/research/btc/daily/2026-11-09/4f825889c77ca91fcc095bab5ee4703d0e3155bc487a106175fbae9bfad74000.json","provenance":{"canonicalReportSha256":"4a1ac8668c323f9f2f97507150f32db6fb65c0bb35c1b9f7711a8eda01cdb0b7","presentationSha256":"f657271d6f91569376823d72b9e5c3da1eb005d42c4d97fca63a890322ab7ebe","reviewedReportSha256":"4a1ac8668c323f9f2f97507150f32db6fb65c0bb35c1b9f7711a8eda01cdb0b7","sourceHtmlSha256":"15406df70bbed3fbb57b46e665de56e81d638695120cf6b187372075b456c23e","sourceJournalSha256":"2d352a158daea96eda77f5a4442a443dc48d92d5604773d0c1a24db89ac4eebb"},"dataJson":{"bytes":338876,"mediaType":"application/json","path":"/v1/research/btc/daily/2026-11-09/data/7b6f8724a2605ab9126c9abab839d258d7ad080fa13e9140e51b228f664d9da7.json","sha256":"7b6f8724a2605ab9126c9abab839d258d7ad080fa13e9140e51b228f664d9da7"},"dataUrl":"https://d1lo1ty2ac77zf.cloudfront.net/v1/research/btc/daily/2026-11-09/data/7b6f8724a2605ab9126c9abab839d258d7ad080fa13e9140e51b228f664d9da7.json","dataSha256":"7b6f8724a2605ab9126c9abab839d258d7ad080fa13e9140e51b228f664d9da7"}},"researchRows":[{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-1.14,"change_unit":"volatility points","current":39.22,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":40.36,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"233a0f3744d86fc360e7f42053c54feeebb9b3d6a2c65900a46113f9cf548884","current":"edceab3e0e61800b7248f1db32653dd6dd3d15fe86adee3f4098d542618c2435","previous":"ba81dc6acaca1bd9f3b71a2a0375da4c46258c3909711a4e4a6728637ea10643"},"source_ids":["cde9270a1983fe70ae7433684c9192c62733cea7e25111a3544927def320e1be"],"status":"available","tenor":"1W","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":1.72,"change_unit":"volatility points","current":-2.72,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-4.44,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"dd609ce1f69cb7d9d76325d54ad198c1116646e65cbdc122dd0dc7ff3bccac68","current":"47c23c1df72455f2def8192b69e38f457efa2b14661c51100600279b1c91361f","previous":"d724ceea04c1fd5a7326612f4ff018b6c6472cfc959943f85a54acb67f02a429"},"source_ids":["caa4dd40726411d594cd5e669e24627b878354b2180ad2f34210fb6d6b54b814"],"status":"available","tenor":"1W","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.98,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.22,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"d6335d1a1c75ae65c2eefbfa927cd09a081a87919f3fbe00f02ee4ef96dbc00d"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.98,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"0adb8e2de6b66fa76842989dfa597f62328bd336432e9326a180eba6f38bab79"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.22,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"aa1236f967025c44daab380ecff8656cfe32fd9ad5dd3e2659c22f4b7e6f5a88"}},"change":-0.24,"change_unit":"volatility points","current":0.98,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.22,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"d6335d1a1c75ae65c2eefbfa927cd09a081a87919f3fbe00f02ee4ef96dbc00d","current":"0adb8e2de6b66fa76842989dfa597f62328bd336432e9326a180eba6f38bab79","previous":"aa1236f967025c44daab380ecff8656cfe32fd9ad5dd3e2659c22f4b7e6f5a88"},"source_ids":["48b277dc89610c3f5a8031797b3523879c48e64af32fa30cdf83e00707c366cc"],"status":"available","tenor":"1W","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.6,"change_unit":"volatility points","current":38.2,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.8,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"2746a77f63baa4e8584e47a2543d6c49974a4f427b470083ca52bd578b81dfd2","current":"44ee23c9d05c4922a598376a3a5a3ede37fe63197f7cd3b8f67b46cf3831e8e8","previous":"b31e298d18f814a716b95b05baf104cfee16ef36d98624e302bfef5401426124"},"source_ids":["74ff33afaec88810a0bac489a83594aa707c29f899297998e2f6e62ce13b9284"],"status":"available","tenor":"2W","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":1.46,"change_unit":"volatility points","current":-2.85,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-4.31,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"e94e2ec40c95d7386c3f48049bebb022e770af03c2df7117d071a744cdf23b8a","current":"111b2418d9b787b99375768cfc8ed12f05129a2321b6eb2dccf04bb366be5c86","previous":"65bfc28f5bbdab7ea52ec104eb42a8ceeef3f11f6ac659f41f08ac548d6c246b"},"source_ids":["a3a14c5e163957c732f7d0637515ae212112b93155debe55d6738a193963fbe1"],"status":"available","tenor":"2W","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.97,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.14,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"6e40e503d0ef5bc24215d7408d65ceb41faa4afdca3ee0e96460d854a8384ce5"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.97,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"0ce2768a10a58684dbf7616b4c159cc8d9eb5a9c0d61fea1c643384820aeaff1"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.14,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c673202e5c6ddb254cda824d3cc2deb51f57ad004ae8a7f20d6fcaf628ff533d"}},"change":-0.17,"change_unit":"volatility points","current":0.97,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.14,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"6e40e503d0ef5bc24215d7408d65ceb41faa4afdca3ee0e96460d854a8384ce5","current":"0ce2768a10a58684dbf7616b4c159cc8d9eb5a9c0d61fea1c643384820aeaff1","previous":"c673202e5c6ddb254cda824d3cc2deb51f57ad004ae8a7f20d6fcaf628ff533d"},"source_ids":["1d5a56f912a028a36a6e15c8b27fc2f3b7e9a6cd0586b0a9819d027a0b90a607"],"status":"available","tenor":"2W","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.36,"change_unit":"volatility points","current":38.11,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.47,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"82a91076d73823859235bd9ec0f174df846d047fca0d4e73ee65a5e14f519949","current":"335638e760004d4ac9efecbcbe5320e20b4f466a2dc05134c2ad48084e4d3800","previous":"ece1518ac36d9b1d2dce066c17ec5a0874c392127b2437bf6898e1a26fa1acff"},"source_ids":["9ad19413b7dcca15e75f297bf442fa408fcb136d0c9b7db3e79eb4102ba49c89"],"status":"available","tenor":"1M","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.73,"change_unit":"volatility points","current":-2.9,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-3.63,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"2d919bc340024ae1627e935aae085e5b70692eb9a11e0627b38b012b96c8c0a4","current":"8e8dd0afe5c71b25394180f599db5e238a3f36826f6057748acff5c0ef69717d","previous":"0a72e6f2d362127f269610e7ababc90ab60459cf830b272ae85eb8fdcb75894e"},"source_ids":["8ccccd83a6a17ce6bf6d358ea09b3de9343d5095bc860c42d16864f8043e9319"],"status":"available","tenor":"1M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.09,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.12,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"48ffc24c8b36e17c0538f3671cc22d776d9a211980e4b53b7fbd1cbfdd240717"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.09,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"60519274750973c71e6fac4470fc494af4c919b72835a66ffccacbd5597a8cb4"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.12,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"f21f8f91f0e5cab862a8fb603a9bfdee0700ecb202fe223bbcf713c221f9ddbe"}},"change":-0.03,"change_unit":"volatility points","current":1.09,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.12,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"48ffc24c8b36e17c0538f3671cc22d776d9a211980e4b53b7fbd1cbfdd240717","current":"60519274750973c71e6fac4470fc494af4c919b72835a66ffccacbd5597a8cb4","previous":"f21f8f91f0e5cab862a8fb603a9bfdee0700ecb202fe223bbcf713c221f9ddbe"},"source_ids":["636cbfb39949d6656edd32adcb5242cb17c2c015b80871d9f41cc64d33dcfcc2"],"status":"available","tenor":"1M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.36,"change_unit":"volatility points","current":38.32,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.68,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"cd9ea769702da021fa233e626c869052c941920a10b5b873e7828598d8d6d1e4","current":"cf2e1f7ce9072b8f61be878fd093c645ce6d9841859c16c1b64be16fd5cd8b1c","previous":"87bf266eedaa0fc948635b86905697586566bbb3d4c462698b0cc4f13532009b"},"source_ids":["53ce070dc80db5185755ef51f161060bb07f96d48ff7478613b1e3f0c1bdf659"],"status":"available","tenor":"2M","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.48,"change_unit":"volatility points","current":-2.95,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-3.43,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"6d39357ed415b997bc94c4212790fa00dab7f59af98e771115ac691bd78e3e5a","current":"ec3467bbd6be50216061b4a4621999c669aeed31be662166aa185ce84ad210bc","previous":"4034c934e7c9d7ea196c08171bef3bb0443f97365a7c7848d40b0bf1e6361ff8"},"source_ids":["20a4346eab8927699800541f79d2e0c6aaebf369cd00eac369ef72a2cd62359c"],"status":"available","tenor":"2M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"76d823639c493bdde1564420829832eece52bd770f7dd6ec650e8795e17a9d73"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"e2aabe6b9bc9da19c71bbb0452f55ab4b6b1007c6645436d90ea259888114d6a"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"b236e62b87a8ad2c20f7d10ffce54cb4d5edf69ca21d0bc7a89f40bb2da40f4d"}},"change":0,"change_unit":"volatility points","current":1.16,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.16,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"76d823639c493bdde1564420829832eece52bd770f7dd6ec650e8795e17a9d73","current":"e2aabe6b9bc9da19c71bbb0452f55ab4b6b1007c6645436d90ea259888114d6a","previous":"b236e62b87a8ad2c20f7d10ffce54cb4d5edf69ca21d0bc7a89f40bb2da40f4d"},"source_ids":["dad2d157d3b61a405ab1ff5fca71fa0239ea014dc874c67063448e21f5e62e6a"],"status":"available","tenor":"2M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.28,"change_unit":"volatility points","current":38.64,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.92,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"b705231b78986b221c19927a2a34472fc60cbc246815a779c21d447d56af24c4","current":"deb1a9fd8fec20120d9d369db7c8254561a4e1afab18bcadb2be9ad1ff30c30a","previous":"1452507319dba4932902a8675e840fa48b3d05729f4c11d831daee6746db2007"},"source_ids":["467e224b0d60018a35a4448110886b2540bf16278e284deb9b8c3b82a6ad45e3"],"status":"available","tenor":"3M","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.31,"change_unit":"volatility points","current":-2.89,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-3.2,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"b4fb80e7c97a1b46d83ac8cd1da2baff78d6b4fbe2532dc4673b6cc210f1f0e3","current":"e0792f20053a03a42d0c7df34c193c16b699f7af623d1ab0ad78c4e2cddd0e31","previous":"0425c651fca398d33238a85a2be0c08713210f91abd4c6bff799bc9c9d8f9e43"},"source_ids":["56b7e3e4728c321bfb558a0e918101c4743f477476bc2f695be326e864720dca"],"status":"available","tenor":"3M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.2,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c2f7d0ee91d96939b19095b7d1542332d4073d997009881bf884c3eb218c3328"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"f8b7b5100bc462c0fee6180c11c5cc22b2496c7e7f443ebbf26a1bea3d6827ad"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.2,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"6b1949552019a2d04cd37cc0eae516a3f32bebc2ffc9ab07b2d3bb13befac44e"}},"change":-0.03,"change_unit":"volatility points","current":1.17,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.2,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"c2f7d0ee91d96939b19095b7d1542332d4073d997009881bf884c3eb218c3328","current":"f8b7b5100bc462c0fee6180c11c5cc22b2496c7e7f443ebbf26a1bea3d6827ad","previous":"6b1949552019a2d04cd37cc0eae516a3f32bebc2ffc9ab07b2d3bb13befac44e"},"source_ids":["da5c79fb7323019bfb3853e4ae4e8f56da0ad6857d74dea016874526c522d248"],"status":"available","tenor":"3M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.14,"change_unit":"volatility points","current":39.64,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":39.78,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"9b86ee2f358e3ddb0deb1d9cf4a3f99458a779ee000582b0f9cff5db94e0d659","current":"16544a4ecc73227e57328d0e2262a6f8a7cb0948889e2f17b0116e844ae351cf","previous":"4a1323953ae69b066d209089602357d481118cce7dfe1d613377a4510859b2ab"},"source_ids":["ee2bfea83c1cbeb148094c1ffa4c7dc1832cb6d7b29988848ab8c9c802dbe311"],"status":"available","tenor":"6M","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.1,"change_unit":"volatility points","current":-2.37,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-2.47,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"6ce589d4fea910de4b0ef1da10b8ff4d61c800063e127bb54e852831c1b01b7f","current":"f5f0d66e12fa1d4958ad17e7791aded6503ba23008af30ce67866ba58e70f1cb","previous":"0133beee1555865786158241316f29ffac4b2623019122eb5f33e2d0d71b2e71"},"source_ids":["5b95f9a415ed6d0262ba3269a4f8358caced14ee63f4778f14c96cf8d6c88a67"],"status":"available","tenor":"6M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.19,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"5486c41277be4883fc32029466e9a45317c8a69e764e7a086fe95310b2fde357"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c1f35f93512e5a7102ac55e499ba1a4fe153879dc8d30ab841e50f464e1ade38"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.19,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"be491ab25b8350fb792f8d75d2c6bfadec262d6f6c9db0fc27394d9b63c05612"}},"change":-0.02,"change_unit":"volatility points","current":1.17,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.19,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"5486c41277be4883fc32029466e9a45317c8a69e764e7a086fe95310b2fde357","current":"c1f35f93512e5a7102ac55e499ba1a4fe153879dc8d30ab841e50f464e1ade38","previous":"be491ab25b8350fb792f8d75d2c6bfadec262d6f6c9db0fc27394d9b63c05612"},"source_ids":["189465763021bed85935c2db0d75eb4867c59afabcf726772d45a8093972dd35"],"status":"available","tenor":"6M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.08,"change_unit":"volatility points","current":40.04,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":40.12,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"33a017f729b68bfa791194f9792d7df1a2eb67c6167ae8bd94fcb1ca8e17d230","current":"3e0c1d5e4acd1dfc3a7a257f8245eda6b5055573188223ad6956daea6ff8d496","previous":"3e094dd1e7e408cef5c3f3143a9b7781f054f4924cc6f81d12602a120ad42b94"},"source_ids":["a66271ec3f502b9460cf0e69a5432041233ae18ca91eceecf4907efd5c135e60"],"status":"available","tenor":"9M","unit":"percent","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.03,"change_unit":"volatility points","current":-2.07,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-2.04,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"d84c70ae88fe11fcde84a84c24593d33c4ae59a05607d5fb88d0da4c24507633","current":"0d8af56036348e3470517718c3ebcd0d81828c64dfb6b48763cf57a77899474d","previous":"7c91b2584694ac1576b4bf092ae4729201d4af139b18d24303aa55b098c6ed96"},"source_ids":["afcb560aedec59617b24c7dcca9d31ef841f33208d5eb70428fdeebb55c073c3"],"status":"available","tenor":"9M","unit":"volatility points","window":"24h"},{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.13,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.07,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c14a625a280ce2ca3b1ea21e33c38c7f213607b35067cfccec23a172d6ebaba6"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.13,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"61ec4a9d0b448f6dc2858fdb78985978ac08a9441b84bab8e003ccb4a62e3faf"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.07,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"d30b5463d1e9d4a6acfeae7acc659893fb9b0c4e8da184be5730d8fc93886f46"}},"change":0.06,"change_unit":"volatility points","current":1.13,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.07,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"c14a625a280ce2ca3b1ea21e33c38c7f213607b35067cfccec23a172d6ebaba6","current":"61ec4a9d0b448f6dc2858fdb78985978ac08a9441b84bab8e003ccb4a62e3faf","previous":"d30b5463d1e9d4a6acfeae7acc659893fb9b0c4e8da184be5730d8fc93886f46"},"source_ids":["0b609fbd4161486715f56a270e5e062554b2dbbc975c3382496220f0b6c029e9"],"status":"available","tenor":"9M","unit":"volatility points","window":"24h"},{"as_of":null,"asset":"BTC","change":null,"change_unit":null,"current":null,"metric":"atmIv","previous":null,"previous_at":null,"reason":"no_captured_comparable_endpoints","receipt_ids":{"change":null,"current":null,"previous":null},"source_ids":[],"status":"unavailable","tenor":"1Y","unit":null,"window":null},{"as_of":null,"asset":"BTC","change":null,"change_unit":null,"current":null,"metric":"rr25","previous":null,"previous_at":null,"reason":"no_captured_comparable_endpoints","receipt_ids":{"change":null,"current":null,"previous":null},"source_ids":[],"status":"unavailable","tenor":"1Y","unit":null,"window":null},{"as_of":null,"asset":"BTC","bf_basis":{},"change":null,"change_unit":null,"current":null,"metric":"bf25","previous":null,"previous_at":null,"reason":"no_captured_comparable_endpoints","receipt_ids":{"change":null,"current":null,"previous":null},"source_ids":[],"status":"unavailable","tenor":"1Y","unit":null,"window":null}],"tenors":[{"tenor":"1W","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":39.22,"previous":40.36,"change":-1.14,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-1.14,"change_unit":"volatility points","current":39.22,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":40.36,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"233a0f3744d86fc360e7f42053c54feeebb9b3d6a2c65900a46113f9cf548884","current":"edceab3e0e61800b7248f1db32653dd6dd3d15fe86adee3f4098d542618c2435","previous":"ba81dc6acaca1bd9f3b71a2a0375da4c46258c3909711a4e4a6728637ea10643"},"source_ids":["cde9270a1983fe70ae7433684c9192c62733cea7e25111a3544927def320e1be"],"status":"available","tenor":"1W","unit":"percent","window":"24h"}},"rr25":{"current":-2.72,"previous":-4.44,"change":1.72,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":1.72,"change_unit":"volatility points","current":-2.72,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-4.44,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"dd609ce1f69cb7d9d76325d54ad198c1116646e65cbdc122dd0dc7ff3bccac68","current":"47c23c1df72455f2def8192b69e38f457efa2b14661c51100600279b1c91361f","previous":"d724ceea04c1fd5a7326612f4ff018b6c6472cfc959943f85a54acb67f02a429"},"source_ids":["caa4dd40726411d594cd5e669e24627b878354b2180ad2f34210fb6d6b54b814"],"status":"available","tenor":"1W","unit":"volatility points","window":"24h"}},"bf25":{"current":0.98,"previous":1.22,"change":-0.24,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.98,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.22,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"d6335d1a1c75ae65c2eefbfa927cd09a081a87919f3fbe00f02ee4ef96dbc00d"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.98,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"0adb8e2de6b66fa76842989dfa597f62328bd336432e9326a180eba6f38bab79"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.22,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"aa1236f967025c44daab380ecff8656cfe32fd9ad5dd3e2659c22f4b7e6f5a88"}},"change":-0.24,"change_unit":"volatility points","current":0.98,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.22,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"d6335d1a1c75ae65c2eefbfa927cd09a081a87919f3fbe00f02ee4ef96dbc00d","current":"0adb8e2de6b66fa76842989dfa597f62328bd336432e9326a180eba6f38bab79","previous":"aa1236f967025c44daab380ecff8656cfe32fd9ad5dd3e2659c22f4b7e6f5a88"},"source_ids":["48b277dc89610c3f5a8031797b3523879c48e64af32fa30cdf83e00707c366cc"],"status":"available","tenor":"1W","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"2W","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":38.2,"previous":38.8,"change":-0.6,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.6,"change_unit":"volatility points","current":38.2,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.8,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"2746a77f63baa4e8584e47a2543d6c49974a4f427b470083ca52bd578b81dfd2","current":"44ee23c9d05c4922a598376a3a5a3ede37fe63197f7cd3b8f67b46cf3831e8e8","previous":"b31e298d18f814a716b95b05baf104cfee16ef36d98624e302bfef5401426124"},"source_ids":["74ff33afaec88810a0bac489a83594aa707c29f899297998e2f6e62ce13b9284"],"status":"available","tenor":"2W","unit":"percent","window":"24h"}},"rr25":{"current":-2.85,"previous":-4.31,"change":1.46,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":1.46,"change_unit":"volatility points","current":-2.85,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-4.31,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"e94e2ec40c95d7386c3f48049bebb022e770af03c2df7117d071a744cdf23b8a","current":"111b2418d9b787b99375768cfc8ed12f05129a2321b6eb2dccf04bb366be5c86","previous":"65bfc28f5bbdab7ea52ec104eb42a8ceeef3f11f6ac659f41f08ac548d6c246b"},"source_ids":["a3a14c5e163957c732f7d0637515ae212112b93155debe55d6738a193963fbe1"],"status":"available","tenor":"2W","unit":"volatility points","window":"24h"}},"bf25":{"current":0.97,"previous":1.14,"change":-0.17,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.97,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.14,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"6e40e503d0ef5bc24215d7408d65ceb41faa4afdca3ee0e96460d854a8384ce5"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":0.97,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"0ce2768a10a58684dbf7616b4c159cc8d9eb5a9c0d61fea1c643384820aeaff1"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.14,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c673202e5c6ddb254cda824d3cc2deb51f57ad004ae8a7f20d6fcaf628ff533d"}},"change":-0.17,"change_unit":"volatility points","current":0.97,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.14,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"6e40e503d0ef5bc24215d7408d65ceb41faa4afdca3ee0e96460d854a8384ce5","current":"0ce2768a10a58684dbf7616b4c159cc8d9eb5a9c0d61fea1c643384820aeaff1","previous":"c673202e5c6ddb254cda824d3cc2deb51f57ad004ae8a7f20d6fcaf628ff533d"},"source_ids":["1d5a56f912a028a36a6e15c8b27fc2f3b7e9a6cd0586b0a9819d027a0b90a607"],"status":"available","tenor":"2W","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"1M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":38.11,"previous":38.47,"change":-0.36,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.36,"change_unit":"volatility points","current":38.11,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.47,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"82a91076d73823859235bd9ec0f174df846d047fca0d4e73ee65a5e14f519949","current":"335638e760004d4ac9efecbcbe5320e20b4f466a2dc05134c2ad48084e4d3800","previous":"ece1518ac36d9b1d2dce066c17ec5a0874c392127b2437bf6898e1a26fa1acff"},"source_ids":["9ad19413b7dcca15e75f297bf442fa408fcb136d0c9b7db3e79eb4102ba49c89"],"status":"available","tenor":"1M","unit":"percent","window":"24h"}},"rr25":{"current":-2.9,"previous":-3.63,"change":0.73,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.73,"change_unit":"volatility points","current":-2.9,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-3.63,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"2d919bc340024ae1627e935aae085e5b70692eb9a11e0627b38b012b96c8c0a4","current":"8e8dd0afe5c71b25394180f599db5e238a3f36826f6057748acff5c0ef69717d","previous":"0a72e6f2d362127f269610e7ababc90ab60459cf830b272ae85eb8fdcb75894e"},"source_ids":["8ccccd83a6a17ce6bf6d358ea09b3de9343d5095bc860c42d16864f8043e9319"],"status":"available","tenor":"1M","unit":"volatility points","window":"24h"}},"bf25":{"current":1.09,"previous":1.12,"change":-0.03,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.09,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.12,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"48ffc24c8b36e17c0538f3671cc22d776d9a211980e4b53b7fbd1cbfdd240717"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.09,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"60519274750973c71e6fac4470fc494af4c919b72835a66ffccacbd5597a8cb4"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.12,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"f21f8f91f0e5cab862a8fb603a9bfdee0700ecb202fe223bbcf713c221f9ddbe"}},"change":-0.03,"change_unit":"volatility points","current":1.09,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.12,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"48ffc24c8b36e17c0538f3671cc22d776d9a211980e4b53b7fbd1cbfdd240717","current":"60519274750973c71e6fac4470fc494af4c919b72835a66ffccacbd5597a8cb4","previous":"f21f8f91f0e5cab862a8fb603a9bfdee0700ecb202fe223bbcf713c221f9ddbe"},"source_ids":["636cbfb39949d6656edd32adcb5242cb17c2c015b80871d9f41cc64d33dcfcc2"],"status":"available","tenor":"1M","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"2M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":38.32,"previous":38.68,"change":-0.36,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.36,"change_unit":"volatility points","current":38.32,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.68,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"cd9ea769702da021fa233e626c869052c941920a10b5b873e7828598d8d6d1e4","current":"cf2e1f7ce9072b8f61be878fd093c645ce6d9841859c16c1b64be16fd5cd8b1c","previous":"87bf266eedaa0fc948635b86905697586566bbb3d4c462698b0cc4f13532009b"},"source_ids":["53ce070dc80db5185755ef51f161060bb07f96d48ff7478613b1e3f0c1bdf659"],"status":"available","tenor":"2M","unit":"percent","window":"24h"}},"rr25":{"current":-2.95,"previous":-3.43,"change":0.48,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.48,"change_unit":"volatility points","current":-2.95,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-3.43,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"6d39357ed415b997bc94c4212790fa00dab7f59af98e771115ac691bd78e3e5a","current":"ec3467bbd6be50216061b4a4621999c669aeed31be662166aa185ce84ad210bc","previous":"4034c934e7c9d7ea196c08171bef3bb0443f97365a7c7848d40b0bf1e6361ff8"},"source_ids":["20a4346eab8927699800541f79d2e0c6aaebf369cd00eac369ef72a2cd62359c"],"status":"available","tenor":"2M","unit":"volatility points","window":"24h"}},"bf25":{"current":1.16,"previous":1.16,"change":0,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"76d823639c493bdde1564420829832eece52bd770f7dd6ec650e8795e17a9d73"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"e2aabe6b9bc9da19c71bbb0452f55ab4b6b1007c6645436d90ea259888114d6a"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.16,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"b236e62b87a8ad2c20f7d10ffce54cb4d5edf69ca21d0bc7a89f40bb2da40f4d"}},"change":0,"change_unit":"volatility points","current":1.16,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.16,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"76d823639c493bdde1564420829832eece52bd770f7dd6ec650e8795e17a9d73","current":"e2aabe6b9bc9da19c71bbb0452f55ab4b6b1007c6645436d90ea259888114d6a","previous":"b236e62b87a8ad2c20f7d10ffce54cb4d5edf69ca21d0bc7a89f40bb2da40f4d"},"source_ids":["dad2d157d3b61a405ab1ff5fca71fa0239ea014dc874c67063448e21f5e62e6a"],"status":"available","tenor":"2M","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"3M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":38.64,"previous":38.92,"change":-0.28,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.28,"change_unit":"volatility points","current":38.64,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":38.92,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"b705231b78986b221c19927a2a34472fc60cbc246815a779c21d447d56af24c4","current":"deb1a9fd8fec20120d9d369db7c8254561a4e1afab18bcadb2be9ad1ff30c30a","previous":"1452507319dba4932902a8675e840fa48b3d05729f4c11d831daee6746db2007"},"source_ids":["467e224b0d60018a35a4448110886b2540bf16278e284deb9b8c3b82a6ad45e3"],"status":"available","tenor":"3M","unit":"percent","window":"24h"}},"rr25":{"current":-2.89,"previous":-3.2,"change":0.31,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.31,"change_unit":"volatility points","current":-2.89,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-3.2,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"b4fb80e7c97a1b46d83ac8cd1da2baff78d6b4fbe2532dc4673b6cc210f1f0e3","current":"e0792f20053a03a42d0c7df34c193c16b699f7af623d1ab0ad78c4e2cddd0e31","previous":"0425c651fca398d33238a85a2be0c08713210f91abd4c6bff799bc9c9d8f9e43"},"source_ids":["56b7e3e4728c321bfb558a0e918101c4743f477476bc2f695be326e864720dca"],"status":"available","tenor":"3M","unit":"volatility points","window":"24h"}},"bf25":{"current":1.17,"previous":1.2,"change":-0.03,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.2,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c2f7d0ee91d96939b19095b7d1542332d4073d997009881bf884c3eb218c3328"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"f8b7b5100bc462c0fee6180c11c5cc22b2496c7e7f443ebbf26a1bea3d6827ad"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.2,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"6b1949552019a2d04cd37cc0eae516a3f32bebc2ffc9ab07b2d3bb13befac44e"}},"change":-0.03,"change_unit":"volatility points","current":1.17,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.2,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"c2f7d0ee91d96939b19095b7d1542332d4073d997009881bf884c3eb218c3328","current":"f8b7b5100bc462c0fee6180c11c5cc22b2496c7e7f443ebbf26a1bea3d6827ad","previous":"6b1949552019a2d04cd37cc0eae516a3f32bebc2ffc9ab07b2d3bb13befac44e"},"source_ids":["da5c79fb7323019bfb3853e4ae4e8f56da0ad6857d74dea016874526c522d248"],"status":"available","tenor":"3M","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"6M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":39.64,"previous":39.78,"change":-0.14,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.14,"change_unit":"volatility points","current":39.64,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":39.78,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"9b86ee2f358e3ddb0deb1d9cf4a3f99458a779ee000582b0f9cff5db94e0d659","current":"16544a4ecc73227e57328d0e2262a6f8a7cb0948889e2f17b0116e844ae351cf","previous":"4a1323953ae69b066d209089602357d481118cce7dfe1d613377a4510859b2ab"},"source_ids":["ee2bfea83c1cbeb148094c1ffa4c7dc1832cb6d7b29988848ab8c9c802dbe311"],"status":"available","tenor":"6M","unit":"percent","window":"24h"}},"rr25":{"current":-2.37,"previous":-2.47,"change":0.1,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":0.1,"change_unit":"volatility points","current":-2.37,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-2.47,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"6ce589d4fea910de4b0ef1da10b8ff4d61c800063e127bb54e852831c1b01b7f","current":"f5f0d66e12fa1d4958ad17e7791aded6503ba23008af30ce67866ba58e70f1cb","previous":"0133beee1555865786158241316f29ffac4b2623019122eb5f33e2d0d71b2e71"},"source_ids":["5b95f9a415ed6d0262ba3269a4f8358caced14ee63f4778f14c96cf8d6c88a67"],"status":"available","tenor":"6M","unit":"volatility points","window":"24h"}},"bf25":{"current":1.17,"previous":1.19,"change":-0.02,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.19,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"5486c41277be4883fc32029466e9a45317c8a69e764e7a086fe95310b2fde357"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.17,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c1f35f93512e5a7102ac55e499ba1a4fe153879dc8d30ab841e50f464e1ade38"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.19,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"be491ab25b8350fb792f8d75d2c6bfadec262d6f6c9db0fc27394d9b63c05612"}},"change":-0.02,"change_unit":"volatility points","current":1.17,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.19,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"5486c41277be4883fc32029466e9a45317c8a69e764e7a086fe95310b2fde357","current":"c1f35f93512e5a7102ac55e499ba1a4fe153879dc8d30ab841e50f464e1ade38","previous":"be491ab25b8350fb792f8d75d2c6bfadec262d6f6c9db0fc27394d9b63c05612"},"source_ids":["189465763021bed85935c2db0d75eb4867c59afabcf726772d45a8093972dd35"],"status":"available","tenor":"6M","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"9M","targetExpiry":null,"availability":"available","unavailableReason":null,"atmIv":{"current":40.04,"previous":40.12,"change":-0.08,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.08,"change_unit":"volatility points","current":40.04,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"atmIv","previous":40.12,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"33a017f729b68bfa791194f9792d7df1a2eb67c6167ae8bd94fcb1ca8e17d230","current":"3e0c1d5e4acd1dfc3a7a257f8245eda6b5055573188223ad6956daea6ff8d496","previous":"3e094dd1e7e408cef5c3f3143a9b7781f054f4924cc6f81d12602a120ad42b94"},"source_ids":["a66271ec3f502b9460cf0e69a5432041233ae18ca91eceecf4907efd5c135e60"],"status":"available","tenor":"9M","unit":"percent","window":"24h"}},"rr25":{"current":-2.07,"previous":-2.04,"change":-0.03,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","change":-0.03,"change_unit":"volatility points","current":-2.07,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"rr25","previous":-2.04,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"d84c70ae88fe11fcde84a84c24593d33c4ae59a05607d5fb88d0da4c24507633","current":"0d8af56036348e3470517718c3ebcd0d81828c64dfb6b48763cf57a77899474d","previous":"7c91b2584694ac1576b4bf092ae4729201d4af139b18d24303aa55b098c6ed96"},"source_ids":["afcb560aedec59617b24c7dcca9d31ef841f33208d5eb70428fdeebb55c073c3"],"status":"available","tenor":"9M","unit":"volatility points","window":"24h"}},"bf25":{"current":1.13,"previous":1.07,"change":0.06,"percentChange":null,"researchRow":{"as_of":"2026-11-09T17:31:00+00:00","asset":"BTC","bf_basis":{"change":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.13,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"},{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.07,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"c14a625a280ce2ca3b1ea21e33c38c7f213607b35067cfccec23a172d6ebaba6"},"current":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.13,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"61ec4a9d0b448f6dc2858fdb78985978ac08a9441b84bab8e003ccb4a62e3faf"},"previous":{"bf_source_definitions":[{"definition":{"definition_id":"bf25.average_wing_minus_atm.v1","metric_contract":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"},"raw_full_fly_status":"unavailable","rule":"canonical-bf_25","source_convention":"canonical bf_25","source_precision":"as supplied","transformation":"identity"},"raw_value":1.07,"source_sha256":"e39ee15d82b8b417f9d5e099c08807ba64824b93be53ac0c4d4078b6033bef7a"}],"metricDefinitions":{"bf25":{"formula":"(iv25Call + iv25Put) / 2 - ivAtm","rawFullFlyMetric":"fullFly25","rawFullFlyVersion":"fullFly25.sum_wings_minus_2atm.v1","unit":"volatility_points","version":"bf25.average_wing_minus_atm.v1"}},"receipt_id":"d30b5463d1e9d4a6acfeae7acc659893fb9b0c4e8da184be5730d8fc93886f46"}},"change":0.06,"change_unit":"volatility points","current":1.13,"information_as_of":"2026-11-09T17:31:00+00:00","metric":"bf25","previous":1.07,"previous_at":"2026-11-08T17:31:00+00:00","reason":null,"receipt_ids":{"change":"c14a625a280ce2ca3b1ea21e33c38c7f213607b35067cfccec23a172d6ebaba6","current":"61ec4a9d0b448f6dc2858fdb78985978ac08a9441b84bab8e003ccb4a62e3faf","previous":"d30b5463d1e9d4a6acfeae7acc659893fb9b0c4e8da184be5730d8fc93886f46"},"source_ids":["0b609fbd4161486715f56a270e5e062554b2dbbc975c3382496220f0b6c029e9"],"status":"available","tenor":"9M","unit":"volatility points","window":"24h"}},"bf25Status":"available","bf25UnavailableReason":null},{"tenor":"1Y","targetExpiry":null,"availability":"unavailable","unavailableReason":"no_captured_comparable_endpoints","atmIv":{"current":null,"previous":null,"change":null,"percentChange":null,"researchRow":{"as_of":null,"asset":"BTC","change":null,"change_unit":null,"current":null,"metric":"atmIv","previous":null,"previous_at":null,"reason":"no_captured_comparable_endpoints","receipt_ids":{"change":null,"current":null,"previous":null},"source_ids":[],"status":"unavailable","tenor":"1Y","unit":null,"window":null}},"rr25":{"current":null,"previous":null,"change":null,"percentChange":null,"researchRow":{"as_of":null,"asset":"BTC","change":null,"change_unit":null,"current":null,"metric":"rr25","previous":null,"previous_at":null,"reason":"no_captured_comparable_endpoints","receipt_ids":{"change":null,"current":null,"previous":null},"source_ids":[],"status":"unavailable","tenor":"1Y","unit":null,"window":null}},"bf25":{"current":null,"previous":null,"change":null,"percentChange":null,"researchRow":{"as_of":null,"asset":"BTC","bf_basis":{},"change":null,"change_unit":null,"current":null,"metric":"bf25","previous":null,"previous_at":null,"reason":"no_captured_comparable_endpoints","receipt_ids":{"change":null,"current":null,"previous":null},"source_ids":[],"status":"unavailable","tenor":"1Y","unit":null,"window":null}},"bf25Status":"unavailable","bf25UnavailableReason":"no_captured_comparable_endpoints"}],"realisedVolatility":null,"realisedVolatilityUnavailableReason":"See the source research JSON for realised volatility observations"}