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Daily major-coins market report · BTC, ETH and SOL

SOL drives a sharp break across major-coin volatility

SOL’s 1W ATM IV fell 10.73 volatility points, compared with a 0.78-point decline in ETH 1W ATM IV and a 0.81-point decline in BTC 1W ATM IV. That left 9.95 volatility points of 1W ATM IV change dispersion. The front-end convergence came with distinct skew and curve profiles.

Generated · By Sean Gordon / Derivasys Research · Latest component snapshot

Snapshot · 1 Sept 2026, 22:27 UTC

  • BTCSpot-index 24h -2.08%1W ATM IV 34.11%1W RR25 -0.54 vol pts1W BF25 +2.22 vol pts1W IV − 7D RV Unavailable
  • ETHSpot-index 24h -2.52%1W ATM IV 46.13%1W RR25 -1.51 vol pts1W BF25 +2.71 vol pts1W IV − 7D RV Unavailable
  • SOLSpot-index 24h -3.66%1W ATM IV 55.40%1W RR25 -0.50 vol pts1W BF25 +3.16 vol pts1W IV − 7D RV Unavailable
  • BTC1W ATM IV 34.11%Spot-index 24h -2.08%
  • ETH1W ATM IV 46.13%Spot-index 24h -2.52%
  • SOL1W ATM IV 55.40%Spot-index 24h -3.66%
Full snapshot readings
  • BTCSpot-index 24h -2.08%1W ATM IV 34.11%1W RR25 -0.54 vol pts1W BF25 +2.22 vol pts1W IV − 7D RV Unavailable
  • ETHSpot-index 24h -2.52%1W ATM IV 46.13%1W RR25 -1.51 vol pts1W BF25 +2.71 vol pts1W IV − 7D RV Unavailable
  • SOLSpot-index 24h -3.66%1W ATM IV 55.40%1W RR25 -0.50 vol pts1W BF25 +3.16 vol pts1W IV − 7D RV Unavailable

Combined market read · daily observation window

The move in context.

Combined market read unavailable: the native comparison endpoints are incomplete or misaligned.

One-week surface context; the published headline retains its original evidence basis. Cutoffs 31 Aug, 22:27 UTC to 1 Sept, 22:27 UTC.

Previous publication · research context

2026-08-31: “Major-coin options diverge as SOL volatility compresses”

Previous publication cutoff 31 Aug, 20:58 UTC. Today’s market comparison starts at 31 Aug, 22:27 UTC. Snapshot clocks differ; numerical follow-through and prior-watch outcomes are unavailable.

Previous publication JSON · SHA-256 2462efb8cb77967d07c501a13be4c8e097a5ab7dd6ed0cb2a5e51ae722c3fb4a

Measured change since prior report

Prior comparison unavailable: matching asset, cadence and adjacent observation endpoints were not verified.

A structured watchlist was not recorded or could not be verified in the prior edition; prior-watch outcomes remain unavailable.

Next daily cutoff: measurable checks

These checks are reconstructed from this edition’s stored endpoints; they were not recorded in the original report.

Measurable watch unavailable: no valid nonzero surface move has comparable endpoints.

Measurement basis and receipt

These are observed-level conditions for the next aligned cutoff, with no forecast or trade action. Spot uses exact index endpoints where available; ATM IV is quoted in percent and its change, RR25 and BF25 in volatility points. Derived from verified legacy artifact endpoints.

Canonical current report JSON · SHA-256 08ea48e6356f94061bb787c6aa0f92d35e440e1a5bbaeaad7dd598f0effe8147

Prior artifact: /v1/majors/daily/2026-08-31/2462efb8cb77967d07c501a13be4c8e097a5ab7dd6ed0cb2a5e51ae722c3fb4a.json · SHA-256 2462efb8cb77967d07c501a13be4c8e097a5ab7dd6ed0cb2a5e51ae722c3fb4a

Consumed endpoint proof: 78d9e6950affd5b34ff0148d7904674d3f3388f05aa6e9e14972b22d3ced88a2

    01 · Market read

    The day across the three live Derivasys markets.

    SOL’s 1W ATM IV fell 10.73 volatility points, whereas ETH’s 1W ATM IV fell 0.78 volatility points and BTC’s 1W ATM IV fell 0.81 volatility points.

    This is a comparison, not a pooled surface: each asset keeps its own forwards, expiries, SVI fit and realised-volatility history.

    02 · Macro and crypto diary

    SOL drives a sharp break across major-coin volatility

    SOL’s 1W ATM IV fell 10.73 volatility points, compared with a 0.78-point decline in ETH 1W ATM IV and a 0.81-point decline in BTC 1W ATM IV. That left 9.95 volatility points of 1W ATM IV change dispersion. The front-end convergence came with distinct skew and curve profiles.

    Completed-session cross-asset context

    Crypto volatility against VIX and SPX.

    The benchmark comparison is separately timestamped to the latest completed US session; it does not replace the intraday crypto surface cutoffs above.

    BTC and ETH and SOL 30-day implied volatility remained 2.4–4.3 times VIX, while short-window equity correlations remained low.

    Asset30d ATM IVVIX spreadIV / VIXReported crypto RVReported SPX RVRV spread percentile30-session correlation
    BTC35.25%+20.33 vol pts2.36×43.77%9.47%percentile rank 74.1%+0.101
    ETH49.55%+34.63 vol pts3.32×59.50%9.47%percentile rank 46.2%-0.003
    SOL64.53%+49.61 vol pts4.33×69.51%9.47%percentile rank 47.2%+0.198

    BTC: RV comparison basis unverified: this edition does not record the recognised provider methodology for both horizons and annualisation conventions. The displayed spread rank does not establish matched-horizon comparability.

    ETH: RV comparison basis unverified: this edition does not record the recognised provider methodology for both horizons and annualisation conventions. The displayed spread rank does not establish matched-horizon comparability.

    SOL: RV comparison basis unverified: this edition does not record the recognised provider methodology for both horizons and annualisation conventions. The displayed spread rank does not establish matched-horizon comparability.

    As of 31 Aug 2026, 20:00 UTC.

    03 · Cross-asset scorecard

    Implied volatility, realised volatility and skew.

    AssetSpot 24h1W ATM1W ATM Δ7d RV1W IV − 7d RV1W RR251W BF25
    BTC-2.08%34.11%-0.81 vol pts35.17%-1.06 vol pts-0.54 vol pts+2.22 vol pts
    ETH-2.52%46.13%-0.78 vol pts43.93%+2.20 vol pts-1.51 vol pts+2.71 vol pts
    SOL-3.66%55.40%-10.73 vol pts66.80%-11.40 vol pts-0.50 vol pts+3.16 vol pts

    04 · Term structures

    ATM implied volatility across common standard tenors.

    Asset1W ATM / Δ1M ATM / Δ3M ATM / Δ6M ATM / Δ1Y ATM / Δ
    BTC34.11% / -0.8136.00% / +0.5238.40% / +0.3840.06% / -0.0542.08% / -0.27
    ETH46.13% / -0.7849.77% / +0.2351.46% / +0.1053.73% / -0.2255.90% / -0.17
    SOL55.40% / -10.7355.36% / -8.3855.00% / -5.0154.91% / -4.1554.86% / -3.71

    05 · Constituent evidence

    Audit the independently published source artifacts.

    Evidence, source data and methodology

    Major Coins report data

    Download the report’s stored cross-asset comparisons, rankings, declared lead evidence and per-asset quality information. Missing analysis remains unavailable.

    Download report JSON · Download report CSV

    Original report summary

    SOL’s 1W ATM IV fell 10.73 volatility points, compared with a 0.78-point decline in ETH 1W ATM IV and a 0.81-point decline in BTC 1W ATM IV. That left 9.95 volatility points of 1W ATM IV change dispersion. The front-end convergence came with distinct skew and curve profiles.

    At report cutoff · Levels and stored endpoint changes

    What matters now

    Vol: BTC 1W ATM IV 34.11% · Δ -0.81 vol pts; ETH 1W ATM IV 46.13% · Δ -0.78 vol pts; SOL 1W ATM IV 55.40% · Δ -10.73 vol pts

    Skew: BTC 1W RR25 -0.54 vol pts · Δ -1.62 vol pts; ETH 1W RR25 -1.51 vol pts · Δ -3.25 vol pts; SOL 1W RR25 -0.50 vol pts · Δ -1.90 vol pts

    Vol

    BTC 1W ATM IV 34.11% · Δ -0.81 vol ptspercentile rank 27.7% by absolute move · full history (n=130)

    ETH 1W ATM IV 46.13% · Δ -0.78 vol pts

    SOL 1W ATM IV 55.40% · Δ -10.73 vol pts

    Skew

    BTC 1W RR25 -0.54 vol pts · Δ -1.62 vol ptspercentile rank 81.5% by absolute move · full history (n=130)

    ETH 1W RR25 -1.51 vol pts · Δ -3.25 vol pts

    SOL 1W RR25 -0.50 vol pts · Δ -1.90 vol pts

    Wings

    BTC 1W BF25 2.22 vol pts · Δ +0.36 vol ptspercentile rank 86.7% by absolute move · 30-day window (n=30)

    ETH 1W BF25 2.71 vol pts · Δ +0.35 vol pts

    SOL 1W BF25 3.16 vol pts · Δ -1.46 vol pts

    IV versus RV

    BTC Unavailable

    ETH Unavailable

    SOL Unavailable

    Unavailable readings: BTC IV versus RV; ETH IV versus RV; SOL IV versus RV. See the report’s data availability notes.

    Δ compares the report’s stored surface endpoints. IV versus RV is a level comparison, not a daily change.

    Component cutoffs: BTC 1 Sept 2026, 22:27 UTC; ETH 1 Sept 2026, 22:27 UTC; SOL 1 Sept 2026, 22:27 UTC. Each asset is shown separately.

    Historical move evidence

    BTC 1W ATM IV: percentile rank 27.7% by absolute move · full history (n=130)

    BTC 1W RR25: percentile rank 81.5% by absolute move · full history (n=130)

    BTC 1W BF25: percentile rank 86.7% by absolute move · 30-day window (n=30)

    7D realised volatility · data quality

    AssetRecorded RVStatusCoverage / requiredLongest gap / maximum
    BTCUnavailableUnavailablenot recorded / not recorded requirednot recorded / not recorded maximum
    ETHUnavailableUnavailablenot recorded / not recorded requirednot recorded / not recorded maximum
    SOLUnavailableUnavailablenot recorded / not recorded requirednot recorded / not recorded maximum

    Thresholds are asset-specific policies recorded in this edition. Each window is assessed independently; returns spanning gaps are excluded. Partial estimates may miss volatility during gaps.

    RV coverage and methodology

    BTC · Unavailable · Surface cutoff 01 Sept 2026, 22:27:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.

    ETH · Unavailable · Surface cutoff 01 Sept 2026, 22:27:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.

    SOL · Unavailable · Surface cutoff 01 Sept 2026, 22:27:00 UTC · 7D coverage not recorded / not recorded required · largest 7D gap not recorded / not recorded maximum · maximum gap not recorded. RV suppressed — valid 7D coverage was not recorded. Full 7D coverage policy was not recorded.

    Source data JSON

    06 · Methodology and provenance

    A derived publication with no duplicated market data.

    The report is assembled at request time from the immutable BTC, ETH and SOL daily-report artifacts for the same UTC report date. It is omitted unless all three exist. Cross-asset averages are descriptive and equal-weighted; no attempt is made to combine distinct volatility surfaces into a single fit.

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