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Crypto Options Volatility Reports — August 2026

August 2026 crypto options volatility reports across BTC, ETH, SOL, Major Coins and Altcoins, with daily and weekly ATM implied volatility, RR25 skew, BF25 convexity and realised-volatility analysis. Every item links to its dated, permanent report and preserved methodology.

Historical daily observations

Find options levels from August 2026.

Compare published 1W ATM implied volatility, 1W RR25 and 7-day realised volatility by report date. Values are annualised percentages or volatility points as labelled; missing observations remain unavailable. Weekly editions are listed separately below.

Loading BTC observations…

Latest BTC daily snapshot

Bitcoin options levels from 31 August 2026.

Stored BTC snapshot

BTC’s principal surface move was a 1.11-point rise in 1W ATM IV to 34.67%, with front-end IV averaging 35.01%, up 0.72 points.

1W ATM IV
34.67%
1W RR25
+1.13 vol pts
1W BF25
1.81 vol pts
Read the 31 August 2026 BTC daily report

Daily research

Daily options surface reports from August 2026.

43 reports

Latest BTC daily

BTC front-end volatility rises as skew turns call-rich

BTC’s front end firmed into the 20:58 UTC cutoff, while the long end was largely unchanged and the curve flattened. The largest standard-tenor move was a routine 1W ATM IV increase, but 2W RR25 moved notably toward relative call-side volatility. Collected news supplied contemporaneous macro and crypto developments, yet the available reaction evidence does not establish a direct explanation for the closing repricing.

Average ATM Δ
+0.43 vol pts
Average RR25 Δ
+0.69 vol pts
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ETH Daily

ETH front-end volatility firms as long end eases

ETH’s front-end implied volatility rose modestly into the cutoff, while longer-dated ATM IV eased and the term structure flattened. The largest standard-tenor movement was a routine 2W increase, and 3M RR25 moved toward relative call-side volatility. A BitMine treasury update was published within the window, but its timed reaction does not demonstrate that it caused the observed end-of-window surface configuration.

Average ATM Δ
+0.12 vol pts
Average RR25 Δ
+0.22 vol pts
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SOL Daily

SOL front-end volatility falls as skew rotates lower

SOL saw the session’s most pronounced surface move among the major coins: 1W ATM IV fell 5.10 points and front-end IV declined 4.51 points on average. RR25 moved toward relative put-side volatility, while remaining call-rich, and near-term convexity fell. A report on cancelled SOL supply was available in the window, but reaction data are partial and do not establish causation for the broad compression.

Average ATM Δ
-2.61 vol pts
Average RR25 Δ
-1.87 vol pts
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ALTS Daily

AVAX leads the comparable altcoin volatility moves

XRP forward -0.71% and one-week ATM IV +0.30 points; HYPE forward +3.31% and one-week ATM IV -4.99 points; AVAX forward -2.17% and one-week ATM IV -7.29 points; TRX forward -2.94% and one-week ATM IV -4.19 points.

Average ATM Δ
-4.04 vol pts
Average RR25 Δ
+1.17 vol pts
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BTC Daily

Bitcoin gains without a volatility chase

Bitcoin rose 1.55 per cent over the 24-hour window, but the options market did not chase the move: one-week implied volatility added only 0.19 points and one-month volatility slipped. Skew became less defensive, while seven-day realised volatility remained above the one-week implied measure. The news backdrop offered useful institutional and on-chain context, though neither item provides a convincing explanation for the restrained repricing.

Average ATM Δ
-0.10 vol pts
Average RR25 Δ
+0.37 vol pts
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ETH Daily

Ether’s front end catches the spot advance

Ether rose 1.61 per cent over the 24-hour window and, unlike Bitcoin, drew a clearer response from short-dated options. One-week implied volatility gained 1.97 points to 45.25 per cent, although it still sat below seven-day realised volatility. Sber’s collateral plans supplied relevant institutional context, but the observed market reaction was too small to support a causal claim.

Average ATM Δ
+0.80 vol pts
Average RR25 Δ
+0.44 vol pts
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SOL Daily

Solana leads as call skew steepens

Solana delivered the strongest spot move of the three major-coin reports, rising 3.02 per cent over the 24-hour window. One-week implied volatility climbed 2.56 points to 72.36 per cent and two-week risk reversal swung 4.02 points towards calls. The surface stayed inverted and seven-day realised volatility remained higher than one-week implied volatility. No sufficiently relevant Solana headline was found, so the report leaves the repricing unattributed.

Average ATM Δ
+0.64 vol pts
Average RR25 Δ
+1.44 vol pts
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ALTS Daily

HYPE leads the comparable altcoin volatility moves

XRP forward not yet comparable and one-week ATM IV not yet comparable; HYPE forward +1.96% and one-week ATM IV -2.02 points; AVAX forward not yet comparable and one-week ATM IV not yet comparable; TRX forward not yet comparable and one-week ATM IV not yet comparable. AVAX and TRX are shown with current levels only because their production histories began less than 24 hours before the cutoff. The candidate XRP baseline failed the plausibility check and was excluded rather than reported as a market move.

Average ATM Δ
-2.02 vol pts
Average RR25 Δ
+5.23 vol pts
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BTC Daily

Bitcoin weakens while front-end volatility retreats

Bitcoin fell 1.76 per cent over the 24-hour window as the market continued to digest Kevin Warsh’s warning that inflation could require tighter policy. The options response was more nuanced than the spot move: one-week implied volatility fell 3.69 points to 32.85 per cent, while two-week risk reversal moved sharply towards puts. One-week implied volatility now sits below seven-day realised volatility but above the quieter 24-hour measure, leaving the curve steeper rather than uniformly subdued.

Average ATM Δ
-1.79 vol pts
Average RR25 Δ
-1.43 vol pts
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ETH Daily

Ether falls as the front end cheapens

Ether fell 2.54 per cent over the 24-hour window, underperforming Bitcoin as markets continued to digest Kevin Warsh’s warning that stubborn inflation could require higher US rates. Two-week implied volatility fell 2.73 points to 45.15 per cent and one-week risk reversal swung towards puts. One-week implied volatility remains well below seven-day realised volatility, while a brief Kraken funding delay was resolved during the session without evidence that it drove the broader repricing.

Average ATM Δ
-1.25 vol pts
Average RR25 Δ
-1.05 vol pts
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SOL Daily

Solana gained while its options surface softened

Solana rose 0.87 per cent over the 24-hour window even as one-week implied volatility fell 1.58 points and call-relative skew strengthened. The broader backdrop remained cautious after renewed inflation warnings, while a contained exploit involving an outdated Solana contract affected 1,685 Rain card users; neither event provides a sufficiently direct explanation for the options repricing.

Average ATM Δ
-1.41 vol pts
Average RR25 Δ
+0.93 vol pts
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BTC Daily

Warsh’s inflation warning frames a sharp retreat in Bitcoin volatility

Bitcoin ended the session below $80,000 as investors absorbed Kevin Warsh’s first major Jackson Hole address and a $6.4bn options expiry. The Federal Reserve chair offered little encouragement to those looking for an early easing signal, while the derivatives settlement removed a sizeable block of open interest. Against that backdrop, one-week implied volatility fell sharply and slipped below seven-day realised volatility, leaving the surface steeper rather than uniformly cheaper.

Average ATM Δ
-2.53 vol pts
Average RR25 Δ
-0.99 vol pts
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ETH Daily

ETF inflows strengthen as Warsh keeps inflation risk in view

Ether fell 3.15 per cent over the 24-hour window even as exchange-traded funds recorded $226mn of inflows, their strongest daily haul in ten months. Kevin Warsh’s inflation warning kept the broader policy backdrop restrictive. In options, one-week implied volatility fell 6.83 points to 46.04 per cent and remained below realised volatility across the 24-hour, seven-day and 30-day windows, while short-dated skew swung towards puts.

Average ATM Δ
-3.51 vol pts
Average RR25 Δ
-2.68 vol pts
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Weekly research

Weekly options analysis from August 2026.

4 reports

Latest BTC weekly

Bitcoin’s $80,000 test ends with short-dated volatility sharply lower

Bitcoin’s week was shaped by a renewed institutional bid, an abrupt change in the US rates narrative and a large derivatives expiry. Treasury plans for bigger bond buybacks helped weaken the dollar and revive the debasement trade, while strong ETF inflows carried Bitcoin through $80,000. Inflation data and Kevin Warsh’s Jackson Hole debut later restored some policy caution. The options market traced the same unsettled path: front-end volatility rose sharply, reversed just as quickly and ended the week 8.75 points lower at the one-week tenor.

Average ATM Δ
-3.70 vol pts
Average RR25 Δ
-0.34 vol pts
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