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

Major-coin options diverge as Ether firms and Solana softens

Ether led the split in major-coin options, with a 2.54-volatility-point dispersion in one-week ATM IV changes between Ether and Solana. Solana’s one-week ATM IV stood 16.86 volatility points above Bitcoin’s.

Generated · By Sean Gordon / Derivasys Research

Snapshot data and comparison

Snapshot · 7 Sept 2026, 16:54 UTC

Generated timestamp:

  • BTCSpot-index 24h -0.89%1W ATM IV 36.67%1W RR25 -0.22 vol pts1W BF25 +1.70 vol pts1W IV − 7D RV Unavailable
  • ETHSpot-index 24h -0.11%1W ATM IV 47.83%1W RR25 +0.77 vol pts1W BF25 +2.85 vol pts1W IV − 7D RV Unavailable
  • SOLSpot-index 24h Unavailable1W ATM IV 53.53%1W RR25 -0.14 vol pts1W BF25 +4.02 vol pts1W IV − 7D RV Unavailable

Market context · daily observation window

Market context

ETH spot-index return unavailable; 1W ATM IV rose 1.40 volatility points to 47.83% over the daily window. RR25 moved toward puts (-1.86 points); BF25 wing premium decreased (-0.10 points); 2/3 assets had lower 1W ATM IV; partial native coverage (9/12 measurements).

Previous report, watch levels and methodology

One-week surface context; the published headline retains its original evidence basis. Cutoffs 6 Sept, 16:54 UTC to 7 Sept, 16:54 UTC.

Measured change since prior report

Prior comparison unavailable: the exact adjacent published edition could not be 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.

  • Hold the observed level: ETH 1W ATM IV ≥ 47.83 percent at . Current level 47.83; threshold is the current observed endpoint.
  • Full retrace: ETH 1W ATM IV ≤ 46.43 percent at . Current level 47.83; threshold is the previous observed endpoint.
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 ebacb6fb85081ec18f86400c9b65b302a77237d6b361fe86aa90b556b590f569

Consumed endpoint proof: a8b82b40de1c4296eaa59a6c74532e0851c8b3a7c0e210aa9093f43841cf5c79

  • ETH:atmIv:1W:observed-current-level: rows[asset=ETH].report.tenors[tenor=1W].atmIv.previous; rows[asset=ETH].report.tenors[tenor=1W].atmIv.current; rows[asset=ETH].report.tenors[tenor=1W].atmIv.change; evaluation window 2026-09-07T16:54:00+00:00 to 2026-09-08T16:54:00+00:00.
  • ETH:atmIv:1W:observed-previous-level: rows[asset=ETH].report.tenors[tenor=1W].atmIv.previous; rows[asset=ETH].report.tenors[tenor=1W].atmIv.current; rows[asset=ETH].report.tenors[tenor=1W].atmIv.change; evaluation window 2026-09-07T16:54:00+00:00 to 2026-09-08T16:54:00+00:00.

01 · Market read

The day across the three live Derivasys markets.

Ether’s one-week ATM IV rise and Solana’s one-week ATM IV decline produced the major-coin options split.

Cross-sectional observations

One-week ATM IV level dispersion: Compression: absolute level gap 16.86 vol points; absolute gap change -1.10 vol points. Stored one-week tenor comparison at this cutoff across 3 assets.

Daily one-week ATM IV-change dispersion: The cross-asset spread is 2.54 vol points. Stored daily changes across 3 assets.

ETH stands apart: 1W ATM IV change is 1.44 vol points above the group median. Stored cross-section of 3 assets at this report cutoff.

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 compressing, at 16.86 vol pts; daily one-week ATM IV changes span 2.54 vol pts across the complex.

ETH has the highest 1W IV-minus-7D-RV spread at +3.66 vol points; BTC has the lowest at +2.49 vol points. The range between these spreads is 1.17 vol points.

Aligned 24-hour spot correlations: BTC/ETH 0.92 (10 observations).

ETH

1W ATM IV change

+1.44 points from the group median

BTC

1W ATM IV level

-11.16 points from the group median

ETH

1W RR25 level

+0.91 points from the group median

Relative-value rankings

Leaders and laggards across the same cutoff.

Metric1st2nd3rd
1W ATM IV levelSOL · 53.53ETH · 47.83BTC · 36.67
Daily 1W ATM IV changeETH · 1.40BTC · -0.04SOL · -1.14
1W IV minus 7d realisedETH · 3.66BTC · 2.49—
Highest 1W RR25ETH · 0.77 · up 1SOL · -0.14 · down 1BTC · -0.22
Lowest 1W RR25BTC · -0.22SOL · -0.14 · up 1ETH · 0.77 · down 1
24h spot performanceETH · -0.11BTC · -0.89—

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 2.5–3.5 times VIX, while short-window equity correlations remained low.

Asset30d ATM IVVIX spreadIV / VIXReported crypto RVReported SPX RVRV spread percentile30-session correlation
BTC36.20%+21.67 vol pts2.49×50.32%8.30%percentile rank 87.7%+0.158
ETH49.28%+34.75 vol pts3.39×65.32%8.30%percentile rank 60.4%+0.029
SOL50.73%+36.20 vol pts3.49×76.48%8.30%percentile rank 59.5%+0.252

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 04 Sept 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-0.89%36.67%-0.04 vol pts34.18%+2.49 vol pts-0.22 vol pts+1.70 vol pts
ETH-0.11%47.83%+1.40 vol pts44.17%+3.66 vol pts+0.77 vol pts+2.85 vol pts
SOLUnavailable53.53%-1.14 vol ptsUnavailableUnavailable-0.14 vol pts+4.02 vol pts

04 · Term structures

ATM implied volatility across common standard tenors.

Asset1W ATM / Δ1M ATM / Δ3M ATM / Δ6M ATM / Δ
BTC36.67% / -0.0437.01% / -0.3238.82% / -0.0639.93% / -0.21
ETH47.83% / +1.4050.68% / -0.0552.20% / -0.3154.29% / -0.05
SOL53.53% / -1.1452.58% / -0.3251.68% / -0.23Unavailable

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

Ether led the split in major-coin options, with a 2.54-volatility-point dispersion in one-week ATM IV changes between Ether and Solana. Solana’s one-week ATM IV stood 16.86 volatility points above Bitcoin’s.

At report cutoff · Levels and stored endpoint changes

What matters now

Vol: BTC 1W ATM IV 36.67% · Δ -0.04 vol pts; ETH 1W ATM IV 47.83% · Δ +1.40 vol pts; SOL 1W ATM IV 53.53% · Δ -1.14 vol pts

Skew: BTC 1W RR25 -0.22 vol pts · Δ -1.38 vol pts; ETH 1W RR25 0.77 vol pts · Δ -1.86 vol pts; SOL 1W RR25 -0.14 vol pts · Δ -3.33 vol pts

IV level gap: 1W ATM IV level gap 16.86 vol pts (SOL 53.53% versus BTC 36.67%) · SOL minus BTC spread Δ -1.10 vol pts

Vol

BTC 1W ATM IV 36.67% · Δ -0.04 vol ptspercentile rank 2.2% by absolute move · full history (n=136)

ETH 1W ATM IV 47.83% · Δ +1.40 vol ptspercentile rank 25.0% by absolute move · full history (n=20)

SOL 1W ATM IV 53.53% · Δ -1.14 vol pts

Skew

BTC 1W RR25 -0.22 vol pts · Δ -1.38 vol ptspercentile rank 78.7% by absolute move · full history (n=136)

ETH 1W RR25 0.77 vol pts · Δ -1.86 vol ptspercentile rank 50.0% by absolute move · full history (n=20)

SOL 1W RR25 -0.14 vol pts · Δ -3.33 vol pts

Wings

BTC 1W BF25 1.70 vol pts · Δ -0.12 vol ptspercentile rank 43.4% by absolute move · full history (n=136)

ETH 1W BF25 2.85 vol pts · Δ -0.10 vol ptspercentile rank 10.0% by absolute move · full history (n=20)

SOL 1W BF25 4.02 vol pts · Δ +0.21 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 7 Sept 2026, 16:54 UTC; ETH 7 Sept 2026, 16:54 UTC; SOL 7 Sept 2026, 16:54 UTC. Each asset is shown separately.

Historical move evidence

BTC 1W ATM IV: percentile rank 2.2% by absolute move · full history (n=136)

BTC 1W RR25: percentile rank 78.7% by absolute move · full history (n=136)

BTC 1W BF25: percentile rank 43.4% by absolute move · full history (n=136)

ETH 1W ATM IV: percentile rank 25.0% by absolute move · full history (n=20)

ETH 1W RR25: percentile rank 50.0% by absolute move · full history (n=20)

ETH 1W BF25: percentile rank 10.0% by absolute move · full history (n=20)

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 07 Sept 2026, 16:54:00 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 07 Sept 2026, 16:54:00 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 07 Sept 2026, 16:54:00 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. Canonical SOL index coverage for 7d is incomplete: expected 10080 returns, found 10045 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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