{"canonicalEventFacts":null,"editorialContext":null,"weeklyMarketPattern":null,"schemaVersion":2,"schemaUrl":"https://www.derivasys.com/schemas/report-dataset-v2.schema.json","family":"major-coins","reportDate":"2026-09-01","canonicalUrl":"https://www.derivasys.com/reports/major-coins/2026-09-01","datasetUrl":"https://www.derivasys.com/data/reports/major-coins/2026-09-01/data.json","headline":"SOL drives a sharp break across major-coin volatility","timestamps":{"generatedAt":"2026-09-01T22:32:50+00:00","currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":null,"comparisonCutoffAt":null},"units":{"atmIv":"annualised percent","realisedVolatility":"annualised percent","rr25":"volatility points","bf25":"volatility points","change":"volatility points","return":"percent","slope":"volatility points","percentile":"percentile (0–100)","ratio":"dimensionless","forward":"USD"},"semantics":{"previousSnapshotAt":"The report baseline is the stored previous timestamp shared by every required constituent (BTC/ETH/SOL for Major Coins; XRP/HYPE/AVAX/TRX for Altcoins), compared as instants. Null means missing, invalid, mixed or incomplete constituent baselines, or a conflicting stored report baseline. Constituent timestamps remain unchanged; comparisonCutoffAt is not a substitute baseline.","relativeValueObservation":"Stored highestSpreadAsset and lowestSpreadAsset describe IV-minus-realised spread ordering, not fair value. Legacy richestAsset and cheapestAsset aliases are omitted; missing neutral fields are not inferred. Other stored observation fields retain their producer wording and values.","leadComparison":"currentSpread is selected asset A minus comparison asset B; previousSpread has the same orientation; changeSpread is currentSpread minus previousSpread. All retain their sign. The current level gap is abs(currentSpread), while daily-change dispersion is abs(changeA minus changeB). Gap change is abs(currentSpread) minus abs(previousSpread), distinct from daily-change dispersion.","pairedSkewRotation":"Both named 1W RR25 endpoints cross zero in opposite directions beyond 0.10 volatility points. current/previous are the signed first-asset-minus-second-asset spread; change is its rotation. This is distinct from unsigned level dispersion. Missing matching history remains null.","crossMetricJointEvent":"Complete aligned historical spot/ATM/RR25/BF25 vectors provide descriptive direction-pattern and simultaneous magnitude-exceedance episode counts. At least 20 eligible historical vectors are required. No joint rarity percentile is estimated; causality is not assessed.","jointComparisons":"Spot/ATM, ATM/RR25 and spot/ATM/RR25/BF25 comparisons each retain their own frozen complete-vector history, source receipt and descriptive counts. Their denominators are independent; marginal percentiles are not combined.","termStructureRegimeChange":"1M minus 1W ATM IV slope. Version 2 separates technical crossings from material changes requiring opposite endpoints beyond the provisional ±0.5 point deadband. A genuine crossing requires strictly opposite nonzero signs; an exactly zero endpoint is a zero touch. Historical rarity requires at least 20 compatible prior observations.","marketWideEvent":"Canonical seven-asset daily observation with aligned source receipts, spot breadth and compatible prior history. This is dated report context, not a current live market snapshot.","comparisons":"Leader and laggard are the highest and lowest signed values; spread is highest minus lowest, a non-negative cross-sectional range. Changes retain their sign.","termStructure":"1Y minus 1W ATM IV; slopeChange is current slope minus previous slope.","rankingOrder":"Stored producer order; previousRank and rankChange remain null when unavailable. Positive rankChange means moving up the ranking.","rankingBasis":{},"outliers":"Stored distanceFromMedian is signed value minus groupMedian; outlier selection uses absolute distance.","unavailable":"Null means unavailable, never zero; absent stored analysis is not reconstructed.","csv":"One scalar per row, with section, metric, asset and JSON pointer; value_type distinguishes null from empty string. Numeric serialization preserves stored precision."},"provenance":{"source":"Published report and its stored constituent observations","storedHeadline":"SOL drives a sharp break across major-coin volatility","reportCorrection":null,"constituents":[{"asset":"BTC","reportDate":"2026-09-01","artifactId":"sha256:9a6e77a1f926f288ba8c8d8e52069b14e89969d71ee10168f8adb65990259b32","contentSha256":"86872bb79431ed2d501145a6499ee4cb00f6692d9dfe3c3a8fd95b624846370d","currentSnapshotId":238087,"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotId":228060,"previousSnapshotAt":"2026-08-31T22:27:00+00:00"},{"asset":"ETH","reportDate":"2026-09-01","artifactId":"sha256:2a6b212320ff15698233ddf574a9b93dd33645d66ac266ee381d6ca00d0c56ca","contentSha256":"82b739246ddfe374f26eb6327d8e9fd1bc0a92804c5e94fe1775bd29569618b1","currentSnapshotId":238092,"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotId":228061,"previousSnapshotAt":"2026-08-31T22:27:00+00:00"},{"asset":"SOL","reportDate":"2026-09-01","artifactId":"sha256:5fd8415e4b23c918ac8ca369946a6e1e3982b83a810dfca854180fc2965d4396","contentSha256":"f4c0fde2bf65c8444b4b6d59fd5f80642f05b59f0d24c9f91e29ced986d31b5c","currentSnapshotId":238090,"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotId":228065,"previousSnapshotAt":"2026-08-31T22:28:00+00:00"}],"methodology":null,"summaryMetrics":{"basis":"Equal-weight average across BTC, ETH and SOL headline metrics","unit":"volatility points","atmIvChange":-2.3833333333333333,"rr25Change":-1.3033333333333335,"bf25Change":0.010000000000000014}},"leadSignal":{"status":"unavailable","declaredEvidence":null,"validatedDisplay":null,"comparativeEvidence":[{"id":"majors-cross-1w-atm-change-dispersion","metric":"1W ATM IV change dispersion","leader":"ETH","laggard":"SOL","highest":-0.78,"lowest":-10.73,"spread":9.95,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":-10.73,"values":[{"asset":"BTC","value":-0.81},{"asset":"ETH","value":-0.78},{"asset":"SOL","value":-10.73}]},{"id":"majors-cross-1w-atm-level-dispersion","metric":"1W ATM IV level dispersion","leader":"SOL","laggard":"BTC","highest":55.4,"lowest":34.11,"spread":21.29,"highestToLowestRatio":1.6242,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":55.4,"values":[{"asset":"BTC","value":34.11},{"asset":"ETH","value":46.13},{"asset":"SOL","value":55.4}],"previousSpread":31.21,"spreadChange":-9.92},{"id":"majors-cross-1w-rr25-dispersion","metric":"1W RR25 level dispersion","leader":"SOL","laggard":"ETH","highest":-0.5,"lowest":-1.51,"spread":1.01,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":-1.51,"values":[{"asset":"BTC","value":-0.54},{"asset":"ETH","value":-1.51},{"asset":"SOL","value":-0.5}],"previousSpread":0.66,"spreadChange":0.35},{"id":"majors-cross-term-structure-divergence","metric":"1Y minus 1W ATM IV slope dispersion","leader":"ETH","laggard":"SOL","highest":9.77,"lowest":-0.54,"spread":10.31,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":9.77,"values":[{"asset":"BTC","value":7.97},{"asset":"ETH","value":9.77},{"asset":"SOL","value":-0.54}],"previousSpread":16.72,"spreadChange":-6.41}],"candidateId":null,"historicalContext":null,"scoreComponents":null},"historicalContext":{"candidates":[],"unavailableReason":"No frozen candidate history was stored in this edition; legacy history is not reconstructed."},"analysisStatus":"available","marketWideEvent":null,"analysisUnavailableReason":null,"crossAssetAnalysis":{"schemaVersion":1,"purpose":"Explain what is happening between BTC, ETH and SOL, not recap the component reports.","assets":["BTC","ETH","SOL"],"comparableAssets":["BTC","ETH","SOL"],"oneWeek":{"atmIvLevel":{"leader":"SOL","laggard":"BTC","highest":55.4,"lowest":34.11,"spread":21.29,"highestToLowestRatio":1.6242,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":55.4,"values":[{"asset":"BTC","value":34.11},{"asset":"ETH","value":46.13},{"asset":"SOL","value":55.4}],"previousSpread":31.21,"spreadChange":-9.92},"atmIvChange":{"leader":"ETH","laggard":"SOL","highest":-0.78,"lowest":-10.73,"spread":9.95,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":-10.73,"values":[{"asset":"BTC","value":-0.81},{"asset":"ETH","value":-0.78},{"asset":"SOL","value":-10.73}]},"rr25Level":{"leader":"SOL","laggard":"ETH","highest":-0.5,"lowest":-1.51,"spread":1.01,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":-1.51,"values":[{"asset":"BTC","value":-0.54},{"asset":"ETH","value":-1.51},{"asset":"SOL","value":-0.5}],"previousSpread":0.66,"spreadChange":0.35},"rr25Change":{"leader":"BTC","laggard":"ETH","highest":-1.62,"lowest":-3.25,"spread":1.63,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":-3.25,"values":[{"asset":"BTC","value":-1.62},{"asset":"ETH","value":-3.25},{"asset":"SOL","value":-1.9}]}},"relativeVolatilityLeader":{"asset":"SOL","metric":"absolute 1W ATM IV change","value":-10.73},"termStructure":{"definition":"1Y minus 1W ATM IV, in volatility points","currentSlope":{"leader":"ETH","laggard":"SOL","highest":9.77,"lowest":-0.54,"spread":10.31,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":9.77,"values":[{"asset":"BTC","value":7.97},{"asset":"ETH","value":9.77},{"asset":"SOL","value":-0.54}],"previousSpread":16.72,"spreadChange":-6.41},"slopeChange":{"leader":"SOL","laggard":"BTC","highest":7.02,"lowest":0.54,"spread":6.48,"highestToLowestRatio":13,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":7.02,"values":[{"asset":"BTC","value":0.54},{"asset":"ETH","value":0.61},{"asset":"SOL","value":7.02}]}},"historicalContext":{"minimumObservations":20,"observations":3,"oneWeekAtmIvLevelDispersionPercentile":null,"oneWeekAtmIvChangeDispersionPercentile":null,"oneWeekRr25LevelDispersionPercentile":null,"termStructureDispersionPercentile":null,"availabilityNote":"Cross-sectional percentiles require 20 prior aligned reports."},"correlations":{"metric":"spotMove24hPercent","minimumObservations":10,"lookbackObservations":30,"pairs":[{"assets":["BTC","ETH"],"value":null,"observations":4},{"assets":["BTC","SOL"],"value":null,"observations":4},{"assets":["ETH","SOL"],"value":null,"observations":4}],"availabilityNote":"Pair correlations require 10 aligned prior reports."},"evidence":[{"id":"majors-cross-1w-atm-change-dispersion","metric":"1W ATM IV change dispersion","leader":"ETH","laggard":"SOL","highest":-0.78,"lowest":-10.73,"spread":9.95,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":-10.73,"values":[{"asset":"BTC","value":-0.81},{"asset":"ETH","value":-0.78},{"asset":"SOL","value":-10.73}]},{"id":"majors-cross-1w-atm-level-dispersion","metric":"1W ATM IV level dispersion","leader":"SOL","laggard":"BTC","highest":55.4,"lowest":34.11,"spread":21.29,"highestToLowestRatio":1.6242,"largestAbsoluteMoveAsset":"SOL","largestAbsoluteMoveValue":55.4,"values":[{"asset":"BTC","value":34.11},{"asset":"ETH","value":46.13},{"asset":"SOL","value":55.4}],"previousSpread":31.21,"spreadChange":-9.92},{"id":"majors-cross-1w-rr25-dispersion","metric":"1W RR25 level dispersion","leader":"SOL","laggard":"ETH","highest":-0.5,"lowest":-1.51,"spread":1.01,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":-1.51,"values":[{"asset":"BTC","value":-0.54},{"asset":"ETH","value":-1.51},{"asset":"SOL","value":-0.5}],"previousSpread":0.66,"spreadChange":0.35},{"id":"majors-cross-term-structure-divergence","metric":"1Y minus 1W ATM IV slope dispersion","leader":"ETH","laggard":"SOL","highest":9.77,"lowest":-0.54,"spread":10.31,"highestToLowestRatio":null,"largestAbsoluteMoveAsset":"ETH","largestAbsoluteMoveValue":9.77,"values":[{"asset":"BTC","value":7.97},{"asset":"ETH","value":9.77},{"asset":"SOL","value":-0.54}],"previousSpread":16.72,"spreadChange":-6.41}]},"assets":[{"asset":"BTC","sourceData":{"page":"https://www.derivasys.com/data/btc/2026-09-01","json":"https://www.derivasys.com/data/btc/2026-09-01/data.json","csv":"https://www.derivasys.com/data/btc/2026-09-01/data.csv"},"timestamps":{"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":"2026-08-31T22:27:00+00:00"},"oneWeek":{"tenor":"1W","targetExpiry":1788906420190,"availability":"available","unavailableReason":null,"atmIv":{"current":34.11,"previous":34.92,"change":-0.81,"percentChange":-2.32},"rr25":{"current":-0.54,"previous":1.08,"change":-1.62,"percentChange":-150},"bf25":{"current":2.22,"previous":1.86,"change":0.36,"percentChange":19.35},"historicalSignificance":{"atmIv":{"absoluteMove":0.81,"movePercentile30d":23.3,"movePercentileFullHistory":27.7,"currentLevelPercentileFullHistory":33.6,"classificationPercentile":27.7,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":1.62,"movePercentile30d":73.3,"movePercentileFullHistory":81.5,"currentLevelPercentileFullHistory":90.1,"classificationPercentile":81.5,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.36,"movePercentile30d":86.7,"movePercentileFullHistory":74.6,"currentLevelPercentileFullHistory":73.3,"classificationPercentile":86.7,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},"tenors":[{"tenor":"1W","targetExpiry":1788906420190,"availability":"available","unavailableReason":null,"atmIv":{"current":34.11,"previous":34.92,"change":-0.81,"percentChange":-2.32},"rr25":{"current":-0.54,"previous":1.08,"change":-1.62,"percentChange":-150},"bf25":{"current":2.22,"previous":1.86,"change":0.36,"percentChange":19.35},"historicalSignificance":{"atmIv":{"absoluteMove":0.81,"movePercentile30d":23.3,"movePercentileFullHistory":27.7,"currentLevelPercentileFullHistory":33.6,"classificationPercentile":27.7,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":1.62,"movePercentile30d":73.3,"movePercentileFullHistory":81.5,"currentLevelPercentileFullHistory":90.1,"classificationPercentile":81.5,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.36,"movePercentile30d":86.7,"movePercentileFullHistory":74.6,"currentLevelPercentileFullHistory":73.3,"classificationPercentile":86.7,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},{"tenor":"2W","targetExpiry":1789511220190,"availability":"available","unavailableReason":null,"atmIv":{"current":35.13,"previous":35.18,"change":-0.05,"percentChange":-0.14},"rr25":{"current":-0.52,"previous":0.69,"change":-1.21,"percentChange":-175.36},"bf25":{"current":2.36,"previous":1.91,"change":0.45,"percentChange":23.56},"historicalSignificance":{"atmIv":{"absoluteMove":0.05,"movePercentile30d":3.3,"movePercentileFullHistory":3.1,"currentLevelPercentileFullHistory":40.5,"classificationPercentile":3.3,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":1.21,"movePercentile30d":76.7,"movePercentileFullHistory":78.5,"currentLevelPercentileFullHistory":92.4,"classificationPercentile":78.5,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.45,"movePercentile30d":90,"movePercentileFullHistory":86.2,"currentLevelPercentileFullHistory":74.8,"classificationPercentile":90,"label":"large","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},{"tenor":"1M","targetExpiry":1790893620190,"availability":"available","unavailableReason":null,"atmIv":{"current":36,"previous":35.48,"change":0.52,"percentChange":1.47},"rr25":{"current":-0.62,"previous":-0.16,"change":-0.46,"percentChange":-287.5},"bf25":{"current":2.58,"previous":2.2,"change":0.38,"percentChange":17.27},"historicalSignificance":{"atmIv":{"absoluteMove":0.52,"movePercentile30d":46.7,"movePercentileFullHistory":35.4,"currentLevelPercentileFullHistory":45,"classificationPercentile":46.7,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":0.46,"movePercentile30d":50,"movePercentileFullHistory":47.7,"currentLevelPercentileFullHistory":93.9,"classificationPercentile":50,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.38,"movePercentile30d":96.7,"movePercentileFullHistory":90,"currentLevelPercentileFullHistory":81.7,"classificationPercentile":96.7,"label":"large","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},{"tenor":"3M","targetExpiry":1796164020190,"availability":"available","unavailableReason":null,"atmIv":{"current":38.4,"previous":38.02,"change":0.38,"percentChange":1},"rr25":{"current":-1.08,"previous":-0.29,"change":-0.79,"percentChange":-272.41},"bf25":{"current":2.32,"previous":2.15,"change":0.17,"percentChange":7.91},"historicalSignificance":{"atmIv":{"absoluteMove":0.38,"movePercentile30d":56.7,"movePercentileFullHistory":57.7,"currentLevelPercentileFullHistory":42.7,"classificationPercentile":57.7,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":0.79,"movePercentile30d":76.7,"movePercentileFullHistory":82.3,"currentLevelPercentileFullHistory":94.7,"classificationPercentile":82.3,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.17,"movePercentile30d":83.3,"movePercentileFullHistory":82.3,"currentLevelPercentileFullHistory":43.5,"classificationPercentile":83.3,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},{"tenor":"6M","targetExpiry":1804026420190,"availability":"available","unavailableReason":null,"atmIv":{"current":40.06,"previous":40.11,"change":-0.05,"percentChange":-0.12},"rr25":{"current":-0.69,"previous":-0.2,"change":-0.49,"percentChange":-245},"bf25":{"current":2.67,"previous":2.54,"change":0.13,"percentChange":5.12},"historicalSignificance":{"atmIv":{"absoluteMove":0.05,"movePercentile30d":10,"movePercentileFullHistory":9.2,"currentLevelPercentileFullHistory":11.5,"classificationPercentile":10,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":0.49,"movePercentile30d":73.3,"movePercentileFullHistory":79.2,"currentLevelPercentileFullHistory":96.2,"classificationPercentile":79.2,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.13,"movePercentile30d":83.3,"movePercentileFullHistory":80.8,"currentLevelPercentileFullHistory":58,"classificationPercentile":83.3,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},{"tenor":"9M","targetExpiry":1811888820190,"availability":"available","unavailableReason":null,"atmIv":{"current":41.31,"previous":41.5,"change":-0.19,"percentChange":-0.46},"rr25":{"current":-0.39,"previous":0.03,"change":-0.42,"percentChange":-1400},"bf25":{"current":2.83,"previous":2.71,"change":0.12,"percentChange":4.43},"historicalSignificance":{"atmIv":{"absoluteMove":0.19,"movePercentile30d":43.3,"movePercentileFullHistory":52.3,"currentLevelPercentileFullHistory":10.7,"classificationPercentile":52.3,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":0.42,"movePercentile30d":70,"movePercentileFullHistory":83.1,"currentLevelPercentileFullHistory":95.4,"classificationPercentile":83.1,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.12,"movePercentile30d":73.3,"movePercentileFullHistory":80,"currentLevelPercentileFullHistory":81.7,"classificationPercentile":80,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}},{"tenor":"1Y","targetExpiry":1819837620190,"availability":"available","unavailableReason":null,"atmIv":{"current":42.08,"previous":42.35,"change":-0.27,"percentChange":-0.64},"rr25":{"current":-0.21,"previous":0.17,"change":-0.38,"percentChange":-223.53},"bf25":{"current":2.93,"previous":2.81,"change":0.12,"percentChange":4.27},"historicalSignificance":{"atmIv":{"absoluteMove":0.27,"movePercentile30d":56.7,"movePercentileFullHistory":67.7,"currentLevelPercentileFullHistory":9.2,"classificationPercentile":67.7,"label":"routine","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"rr25":{"absoluteMove":0.38,"movePercentile30d":73.3,"movePercentileFullHistory":83.8,"currentLevelPercentileFullHistory":96.2,"classificationPercentile":83.8,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131},"bf25":{"absoluteMove":0.12,"movePercentile30d":70,"movePercentileFullHistory":67.7,"currentLevelPercentileFullHistory":87.8,"classificationPercentile":70,"label":"notable","observations30d":30,"observationsFullHistory":130,"levelObservationsFullHistory":131}}}],"realisedVolatility":{"source":"canonical/BTC-USD-INDEX (DERIBIT and OKX indexes)","fallbackObservations":13,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-09-01T22:27:00+00:00","spotMove24hPercent":-2.08,"rv24hPercent":36.69,"rv7dPercent":35.17,"rv30dPercent":36.51,"observations":{"24h":1440,"7d":10080,"30d":43200},"oneWeekAtmIvPercent":34.11,"oneWeekIvMinus7dRvPoints":-1.06,"oneWeekIvMinus24hRvPoints":-2.58,"oneWeekIvMinus30dRvPoints":-2.4},"dataQuality":{"coverage":null,"coveragePolicy":null,"realisedVolatilityUnavailableReason":null,"fitQuality":{"currentObjective":0.0480613,"previousObjective":0.15093098,"currentLiveError":77.13831581,"previousLiveError":88.05336235},"comparisonStatus":null,"comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":{"source":"Derivasys proprietary historical SVI surface and canonical BTC index databases","comparison":"Nearest successful surface snapshots approximately 24 hours apart","rrConvention":"25-delta call IV minus 25-delta put IV","bfConvention":"Average 25-delta wing IV minus ATM forward IV","greeks":"Black forward Greeks for a normalized one-BTC ATM-forward call, zero rate, fitted SVI IV","commentary":"Metrics and takeaways are deterministic. Daily headlines and introductions may be model-assisted, constrained to the same stored facts; weekly prose is deterministic.","fixedTenors":"Fixed-tenor measures are interpolated independently at 1W, 2W, 1M, 3M, 6M, 9M and 1Y; headline rankings prioritise 1W, 2W, 1M, 3M, 6M and 1Y.","smileReconstruction":"Listed-expiry smiles are reconstructed from stored SVI total-variance parameters on a fixed log-moneyness grid.","ultraShortExpiry":"Expiries with fewer than 2 full days remaining stay in detailed tables but are excluded from headline rankings. Settlement proximity, time decay, changing liquidity and fewer quotes can exaggerate their changes.","causalClaims":"The report describes observed surface and realised-volatility changes only and does not infer unsupported market drivers, flows or forecasts.","realisedVolatility":"Annualised root-mean-square of one-minute canonical BTC-USD index log returns using a 365-day basis; all windows end at the current snapshot."},"nearestEligibleForward":null},{"asset":"ETH","sourceData":{"page":"https://www.derivasys.com/data/eth/2026-09-01","json":"https://www.derivasys.com/data/eth/2026-09-01/data.json","csv":"https://www.derivasys.com/data/eth/2026-09-01/data.csv"},"timestamps":{"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":"2026-08-31T22:27:00+00:00"},"oneWeek":{"tenor":"1W","targetExpiry":1788906420647,"availability":"available","unavailableReason":null,"atmIv":{"current":46.13,"previous":46.91,"change":-0.78,"percentChange":-1.66},"rr25":{"current":-1.51,"previous":1.74,"change":-3.25,"percentChange":-186.78},"bf25":{"current":2.71,"previous":2.36,"change":0.35,"percentChange":14.83},"historicalSignificance":{"atmIv":{"absoluteMove":0.78,"movePercentile30d":20,"movePercentileFullHistory":21.4,"currentLevelPercentileFullHistory":41.2,"classificationPercentile":21.4,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":3.25,"movePercentile30d":80,"movePercentileFullHistory":85.7,"currentLevelPercentileFullHistory":23.5,"classificationPercentile":85.7,"label":"notable","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.35,"movePercentile30d":70,"movePercentileFullHistory":57.1,"currentLevelPercentileFullHistory":58.8,"classificationPercentile":70,"label":"notable","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},"tenors":[{"tenor":"1W","targetExpiry":1788906420647,"availability":"available","unavailableReason":null,"atmIv":{"current":46.13,"previous":46.91,"change":-0.78,"percentChange":-1.66},"rr25":{"current":-1.51,"previous":1.74,"change":-3.25,"percentChange":-186.78},"bf25":{"current":2.71,"previous":2.36,"change":0.35,"percentChange":14.83},"historicalSignificance":{"atmIv":{"absoluteMove":0.78,"movePercentile30d":20,"movePercentileFullHistory":21.4,"currentLevelPercentileFullHistory":41.2,"classificationPercentile":21.4,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":3.25,"movePercentile30d":80,"movePercentileFullHistory":85.7,"currentLevelPercentileFullHistory":23.5,"classificationPercentile":85.7,"label":"notable","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.35,"movePercentile30d":70,"movePercentileFullHistory":57.1,"currentLevelPercentileFullHistory":58.8,"classificationPercentile":70,"label":"notable","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},{"tenor":"2W","targetExpiry":1789511220647,"availability":"available","unavailableReason":null,"atmIv":{"current":47.91,"previous":47.97,"change":-0.06,"percentChange":-0.13},"rr25":{"current":-0.94,"previous":1.73,"change":-2.67,"percentChange":-154.34},"bf25":{"current":2.34,"previous":2.39,"change":-0.05,"percentChange":-2.09},"historicalSignificance":{"atmIv":{"absoluteMove":0.06,"movePercentile30d":0,"movePercentileFullHistory":7.1,"currentLevelPercentileFullHistory":23.5,"classificationPercentile":7.1,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":2.67,"movePercentile30d":70,"movePercentileFullHistory":78.6,"currentLevelPercentileFullHistory":35.3,"classificationPercentile":78.6,"label":"notable","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.05,"movePercentile30d":10,"movePercentileFullHistory":14.3,"currentLevelPercentileFullHistory":11.8,"classificationPercentile":14.3,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},{"tenor":"1M","targetExpiry":1790893620647,"availability":"available","unavailableReason":null,"atmIv":{"current":49.77,"previous":49.54,"change":0.23,"percentChange":0.46},"rr25":{"current":-0.69,"previous":0.09,"change":-0.78,"percentChange":-866.67},"bf25":{"current":2.65,"previous":2.51,"change":0.14,"percentChange":5.58},"historicalSignificance":{"atmIv":{"absoluteMove":0.23,"movePercentile30d":10,"movePercentileFullHistory":21.4,"currentLevelPercentileFullHistory":29.4,"classificationPercentile":21.4,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":0.78,"movePercentile30d":60,"movePercentileFullHistory":71.4,"currentLevelPercentileFullHistory":58.8,"classificationPercentile":71.4,"label":"notable","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.14,"movePercentile30d":40,"movePercentileFullHistory":42.9,"currentLevelPercentileFullHistory":35.3,"classificationPercentile":42.9,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},{"tenor":"3M","targetExpiry":1796164020647,"availability":"available","unavailableReason":null,"atmIv":{"current":51.46,"previous":51.36,"change":0.1,"percentChange":0.19},"rr25":{"current":0.35,"previous":0.98,"change":-0.63,"percentChange":-64.29},"bf25":{"current":2.77,"previous":2.76,"change":0.01,"percentChange":0.36},"historicalSignificance":{"atmIv":{"absoluteMove":0.1,"movePercentile30d":10,"movePercentileFullHistory":21.4,"currentLevelPercentileFullHistory":11.8,"classificationPercentile":21.4,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":0.63,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":58.8,"classificationPercentile":50,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.01,"movePercentile30d":10,"movePercentileFullHistory":14.3,"currentLevelPercentileFullHistory":35.3,"classificationPercentile":14.3,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},{"tenor":"6M","targetExpiry":1804026420647,"availability":"available","unavailableReason":null,"atmIv":{"current":53.73,"previous":53.95,"change":-0.22,"percentChange":-0.41},"rr25":{"current":0.09,"previous":0.45,"change":-0.36,"percentChange":-80},"bf25":{"current":2.95,"previous":2.89,"change":0.06,"percentChange":2.08},"historicalSignificance":{"atmIv":{"absoluteMove":0.22,"movePercentile30d":30,"movePercentileFullHistory":35.7,"currentLevelPercentileFullHistory":5.9,"classificationPercentile":35.7,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":0.36,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":52.9,"classificationPercentile":50,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.06,"movePercentile30d":0,"movePercentileFullHistory":7.1,"currentLevelPercentileFullHistory":64.7,"classificationPercentile":7.1,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},{"tenor":"9M","targetExpiry":1811888820647,"availability":"available","unavailableReason":null,"atmIv":{"current":55.13,"previous":55.32,"change":-0.19,"percentChange":-0.34},"rr25":{"current":0.51,"previous":0.87,"change":-0.36,"percentChange":-41.38},"bf25":{"current":2.75,"previous":2.63,"change":0.12,"percentChange":4.56},"historicalSignificance":{"atmIv":{"absoluteMove":0.19,"movePercentile30d":40,"movePercentileFullHistory":42.9,"currentLevelPercentileFullHistory":5.9,"classificationPercentile":42.9,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":0.36,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":52.9,"classificationPercentile":50,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.12,"movePercentile30d":30,"movePercentileFullHistory":28.6,"currentLevelPercentileFullHistory":52.9,"classificationPercentile":30,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}},{"tenor":"1Y","targetExpiry":1819837620647,"availability":"available","unavailableReason":null,"atmIv":{"current":55.9,"previous":56.07,"change":-0.17,"percentChange":-0.3},"rr25":{"current":0.77,"previous":1.2,"change":-0.43,"percentChange":-35.83},"bf25":{"current":2.61,"previous":2.44,"change":0.17,"percentChange":6.97},"historicalSignificance":{"atmIv":{"absoluteMove":0.17,"movePercentile30d":50,"movePercentileFullHistory":42.9,"currentLevelPercentileFullHistory":5.9,"classificationPercentile":50,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"rr25":{"absoluteMove":0.43,"movePercentile30d":90,"movePercentileFullHistory":92.9,"currentLevelPercentileFullHistory":47.1,"classificationPercentile":92.9,"label":"large","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17},"bf25":{"absoluteMove":0.17,"movePercentile30d":50,"movePercentileFullHistory":42.9,"currentLevelPercentileFullHistory":52.9,"classificationPercentile":50,"label":"routine","observations30d":10,"observationsFullHistory":14,"levelObservationsFullHistory":17}}}],"realisedVolatility":{"source":"canonical/ETH-USD-INDEX (DERIBIT and OKX indexes)","fallbackObservations":13,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-09-01T22:27:00+00:00","spotMove24hPercent":-2.52,"rv24hPercent":43.2,"rv7dPercent":43.93,"rv30dPercent":49.94,"observations":{"24h":1440,"7d":10080,"30d":43200},"oneWeekAtmIvPercent":46.13,"oneWeekIvMinus7dRvPoints":2.2,"oneWeekIvMinus24hRvPoints":2.93,"oneWeekIvMinus30dRvPoints":-3.81},"dataQuality":{"coverage":null,"coveragePolicy":null,"realisedVolatilityUnavailableReason":null,"fitQuality":{"currentObjective":0.0652793,"previousObjective":0.10939478,"currentLiveError":12.15226305,"previousLiveError":42.19779511},"comparisonStatus":null,"comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":{"source":"Derivasys proprietary historical SVI surface and canonical ETH index databases","comparison":"Nearest successful surface snapshots approximately 24 hours apart","rrConvention":"25-delta call IV minus 25-delta put IV","bfConvention":"Average 25-delta wing IV minus ATM forward IV","greeks":"Black forward Greeks for a normalized one-ETH ATM-forward call, zero rate, fitted SVI IV","commentary":"Metrics and takeaways are deterministic. Daily headlines and introductions may be model-assisted, constrained to the same stored facts; weekly prose is deterministic.","fixedTenors":"Fixed-tenor measures are interpolated independently at 1W, 2W, 1M, 3M, 6M, 9M and 1Y; headline rankings prioritise 1W, 2W, 1M, 3M, 6M and 1Y.","smileReconstruction":"Listed-expiry smiles are reconstructed from stored SVI total-variance parameters on a fixed log-moneyness grid.","ultraShortExpiry":"Expiries with fewer than 2 full days remaining stay in detailed tables but are excluded from headline rankings. Settlement proximity, time decay, changing liquidity and fewer quotes can exaggerate their changes.","causalClaims":"The report describes observed surface and realised-volatility changes only and does not infer unsupported market drivers, flows or forecasts.","realisedVolatility":"Annualised root-mean-square of one-minute canonical ETH-USD index log returns using a 365-day basis; all windows end at the current snapshot."},"nearestEligibleForward":null},{"asset":"SOL","sourceData":{"page":"https://www.derivasys.com/data/sol/2026-09-01","json":"https://www.derivasys.com/data/sol/2026-09-01/data.json","csv":"https://www.derivasys.com/data/sol/2026-09-01/data.csv"},"timestamps":{"currentSnapshotAt":"2026-09-01T22:27:00+00:00","previousSnapshotAt":"2026-08-31T22:28:00+00:00"},"oneWeek":{"tenor":"1W","targetExpiry":1788906420435,"availability":"available","unavailableReason":null,"atmIv":{"current":55.4,"previous":66.13,"change":-10.73,"percentChange":-16.23},"rr25":{"current":-0.5,"previous":1.4,"change":-1.9,"percentChange":-135.71},"bf25":{"current":3.16,"previous":4.62,"change":-1.46,"percentChange":-31.6},"historicalSignificance":{"atmIv":{"absoluteMove":10.73,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":1.9,"movePercentile30d":25,"movePercentileFullHistory":25,"currentLevelPercentileFullHistory":20,"classificationPercentile":25,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":1.46,"movePercentile30d":75,"movePercentileFullHistory":75,"currentLevelPercentileFullHistory":20,"classificationPercentile":75,"label":"notable","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},"tenors":[{"tenor":"1W","targetExpiry":1788906420435,"availability":"available","unavailableReason":null,"atmIv":{"current":55.4,"previous":66.13,"change":-10.73,"percentChange":-16.23},"rr25":{"current":-0.5,"previous":1.4,"change":-1.9,"percentChange":-135.71},"bf25":{"current":3.16,"previous":4.62,"change":-1.46,"percentChange":-31.6},"historicalSignificance":{"atmIv":{"absoluteMove":10.73,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":1.9,"movePercentile30d":25,"movePercentileFullHistory":25,"currentLevelPercentileFullHistory":20,"classificationPercentile":25,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":1.46,"movePercentile30d":75,"movePercentileFullHistory":75,"currentLevelPercentileFullHistory":20,"classificationPercentile":75,"label":"notable","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},{"tenor":"2W","targetExpiry":1789511220435,"availability":"available","unavailableReason":null,"atmIv":{"current":55.35,"previous":65.09,"change":-9.74,"percentChange":-14.96},"rr25":{"current":0.32,"previous":3.16,"change":-2.84,"percentChange":-89.87},"bf25":{"current":3.68,"previous":4.6,"change":-0.92,"percentChange":-20},"historicalSignificance":{"atmIv":{"absoluteMove":9.74,"movePercentile30d":75,"movePercentileFullHistory":75,"currentLevelPercentileFullHistory":20,"classificationPercentile":75,"label":"notable","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":2.84,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":40,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":0.92,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":20,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},{"tenor":"1M","targetExpiry":1790893620435,"availability":"available","unavailableReason":null,"atmIv":{"current":55.36,"previous":63.74,"change":-8.38,"percentChange":-13.15},"rr25":{"current":1.38,"previous":4.2,"change":-2.82,"percentChange":-67.14},"bf25":{"current":4.5,"previous":4.82,"change":-0.32,"percentChange":-6.64},"historicalSignificance":{"atmIv":{"absoluteMove":8.38,"movePercentile30d":75,"movePercentileFullHistory":75,"currentLevelPercentileFullHistory":20,"classificationPercentile":75,"label":"notable","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":2.82,"movePercentile30d":75,"movePercentileFullHistory":75,"currentLevelPercentileFullHistory":40,"classificationPercentile":75,"label":"notable","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":0.32,"movePercentile30d":0,"movePercentileFullHistory":0,"currentLevelPercentileFullHistory":20,"classificationPercentile":0,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},{"tenor":"3M","targetExpiry":1796164020435,"availability":"available","unavailableReason":null,"atmIv":{"current":55,"previous":60.01,"change":-5.01,"percentChange":-8.35},"rr25":{"current":2.58,"previous":3.86,"change":-1.28,"percentChange":-33.16},"bf25":{"current":5.28,"previous":5.16,"change":0.12,"percentChange":2.33},"historicalSignificance":{"atmIv":{"absoluteMove":5.01,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":1.28,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":0.12,"movePercentile30d":0,"movePercentileFullHistory":0,"currentLevelPercentileFullHistory":40,"classificationPercentile":0,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},{"tenor":"6M","targetExpiry":1804026420435,"availability":"available","unavailableReason":null,"atmIv":{"current":54.91,"previous":59.06,"change":-4.15,"percentChange":-7.03},"rr25":{"current":2.87,"previous":3.77,"change":-0.9,"percentChange":-23.87},"bf25":{"current":5.47,"previous":5.25,"change":0.22,"percentChange":4.19},"historicalSignificance":{"atmIv":{"absoluteMove":4.15,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":0.9,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":20,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":0.22,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":40,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},{"tenor":"9M","targetExpiry":1811888820435,"availability":"available","unavailableReason":null,"atmIv":{"current":54.88,"previous":58.74,"change":-3.86,"percentChange":-6.57},"rr25":{"current":2.97,"previous":3.74,"change":-0.77,"percentChange":-20.59},"bf25":{"current":5.53,"previous":5.28,"change":0.25,"percentChange":4.73},"historicalSignificance":{"atmIv":{"absoluteMove":3.86,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":0.77,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":20,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":0.25,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":40,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}},{"tenor":"1Y","targetExpiry":1819837620435,"availability":"available","unavailableReason":null,"atmIv":{"current":54.86,"previous":58.57,"change":-3.71,"percentChange":-6.33},"rr25":{"current":3.02,"previous":3.73,"change":-0.71,"percentChange":-19.03},"bf25":{"current":5.58,"previous":5.31,"change":0.27,"percentChange":5.08},"historicalSignificance":{"atmIv":{"absoluteMove":3.71,"movePercentile30d":100,"movePercentileFullHistory":100,"currentLevelPercentileFullHistory":20,"classificationPercentile":100,"label":"exceptional","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"rr25":{"absoluteMove":0.71,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":20,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5},"bf25":{"absoluteMove":0.27,"movePercentile30d":50,"movePercentileFullHistory":50,"currentLevelPercentileFullHistory":40,"classificationPercentile":50,"label":"routine","observations30d":4,"observationsFullHistory":4,"levelObservationsFullHistory":5}}}],"realisedVolatility":{"source":"canonical/SOL-USDC-INDEX (DERIBIT and OKX indexes)","fallbackObservations":0,"fallbackPolicy":"Missing canonical minutes use the stored Deribit index first, then the stored OKX index; canonical bars always take precedence.","samplingInterval":"1 minute","annualizationBasis":"365 days","windowEnd":"2026-09-01T22:27:00+00:00","spotMove24hPercent":-3.66,"rv24hPercent":55.72,"rv7dPercent":66.8,"rv30dPercent":63.28,"observations":{"24h":1440,"7d":10080,"30d":43200},"oneWeekAtmIvPercent":55.4,"oneWeekIvMinus7dRvPoints":-11.4,"oneWeekIvMinus24hRvPoints":-0.32,"oneWeekIvMinus30dRvPoints":-7.88},"dataQuality":{"coverage":null,"coveragePolicy":null,"realisedVolatilityUnavailableReason":null,"fitQuality":{"currentObjective":0.01932609,"previousObjective":0.04647933,"currentLiveError":15.93119943,"previousLiveError":25.21251658},"comparisonStatus":null,"comparisonNote":null,"rejectedPreviousSnapshotAt":null},"methodology":{"source":"Derivasys proprietary historical SVI surface and canonical SOL index databases","comparison":"Nearest successful surface snapshots approximately 24 hours apart","rrConvention":"25-delta call IV minus 25-delta put IV","bfConvention":"Average 25-delta wing IV minus ATM forward IV","greeks":"Black forward Greeks for a normalized one-SOL ATM-forward call, zero rate, fitted SVI IV","commentary":"Metrics and takeaways are deterministic. Daily headlines and introductions may be model-assisted, constrained to the same stored facts; weekly prose is deterministic.","fixedTenors":"Fixed-tenor measures are interpolated independently at 1W, 2W, 1M, 3M, 6M, 9M and 1Y; headline rankings prioritise 1W, 2W, 1M, 3M, 6M and 1Y.","smileReconstruction":"Listed-expiry smiles are reconstructed from stored SVI total-variance parameters on a fixed log-moneyness grid.","ultraShortExpiry":"Expiries with fewer than 2 full days remaining stay in detailed tables but are excluded from headline rankings. Settlement proximity, time decay, changing liquidity and fewer quotes can exaggerate their changes.","causalClaims":"The report describes observed surface and realised-volatility changes only and does not infer unsupported market drivers, flows or forecasts.","realisedVolatility":"Annualised root-mean-square of one-minute canonical SOL-USD index log returns using a 365-day basis; all windows end at the current snapshot."},"nearestEligibleForward":null}]}