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

Major-coin options diverge as SOL volatility stays highest and BTC lowest

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

One-week ATM IV dispersion across BTC, ETH and SOL widened by 2.54 volatility points to 16.95 points. SOL held the highest one-week implied volatility at 48.96%, BTC the lowest at 32.01%, and ETH’s 5.20-point decline was the largest absolute daily move.

01 · Market read

The day across the three live Derivasys markets.

The BTC, ETH and SOL complex became more dispersed: one-week ATM IV ranged from 32.01% for BTC to 48.96% for SOL, a 16.95-point spread.

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

Cross-sectional thesis

Where the complex is diverging.

One-week ATM IV level dispersion is widening, at +16.95 vol pts; daily one-week ATM IV changes span +2.70 vol pts across the complex.

BTC screens richest and SOL cheapest on one-week implied volatility versus seven-day realised volatility, with a 4.65-point cross-sectional range.

SOL

1W ATM IV change

+2.54 points from the group median

BTC

1W ATM IV level

-10.09 points from the group median

ETH

1W RR25 level

-1.95 points from the group median

SOL

1W IV minus 7D realised volatility

-4.54 points from the group median

Relative-value rankings

Leaders and laggards across the same cutoff.

Metric1st2nd3rd
1W ATM IV levelSOL · 48.96ETH · 42.10BTC · 32.01
Daily 1W ATM IV changeSOL · -2.50BTC · -5.04ETH · -5.20
1W IV minus 7d realisedBTC · -4.90ETH · -5.01SOL · -9.55
Most call-rich 1W RR25SOL · 2.09BTC · 0.29ETH · -1.66
Most put-rich 1W RR25ETH · -1.66BTC · 0.29SOL · 2.09
1Y minus 1W curve slopeBTC · unavailableETH · unavailableSOL · unavailable
Largest 1Y minus 1W curve changeBTC · unavailableETH · unavailableSOL · unavailable
24h spot performanceETH · -1.37BTC · -1.48SOL · -2.45

03 · Cross-asset scorecard

Implied volatility, realised volatility and skew.

AssetSpot 24h1W ATM1W ATM Δ7d RV1W IV − 7d RV1W RR251W BF25
BTC-1.48%32.01%-5.04 vol pts36.91%-4.90 vol pts+0.29 vol pts+1.67 vol pts
ETH-1.37%42.10%-5.20 vol pts47.11%-5.01 vol pts-1.66 vol pts+2.46 vol pts
SOL-2.45%48.96%-2.50 vol pts58.51%-9.55 vol pts+2.09 vol pts+3.27 vol pts

04 · Term structures

ATM implied volatility across common standard tenors.

Asset1W ATM / Δ1M ATM / Δ3M ATM / Δ6M ATM / Δ
BTC32.01% / -5.0435.99% / -1.4338.34% / -0.9439.87% / -0.61
ETH42.10% / -5.2049.76% / -0.5452.06% / +0.1054.06% / +0.02
SOL48.96% / -2.5050.94% / -1.8850.90% / -2.10Unavailable

05 · Constituent evidence

Audit the independently published source artifacts.

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.