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

Major-coin options show one-week relative volatility level dispersion between Solana and Bitcoin

ETH 1W ATM IV rose 2.12 volatility points; Skew moved toward calls (+1.00 vol points); Wing premium increased (+0.10 vol points); partial native coverage (9/12 measurements).

Generated · By Sean Gordon / Derivasys Research

Snapshot data and comparison

Snapshot · 9 Sept 2026, 16:30 UTC

Generated timestamp:

  • BTCSpot-index 24h +0.02%1W ATM IV 40.47%1W RR25 +0.78 vol pts1W BF25 +2.12 vol pts1W IV − 7D RV Unavailable
  • ETHSpot-index 24h +0.13%1W ATM IV 52.31%1W RR25 +2.66 vol pts1W BF25 +3.14 vol pts1W IV − 7D RV Unavailable
  • SOLSpot-index 24h Unavailable1W ATM IV 54.66%1W RR25 +0.90 vol pts1W BF25 +4.48 vol pts1W IV − 7D RV Unavailable
Previous report, watch levels and methodology

One-week surface context; the published headline retains its original evidence basis. Cutoffs 8 Sept, 16:30 UTC to 9 Sept, 16:30 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 ≥ 52.31 percent at . Current level 52.31; threshold is the current observed endpoint.
  • Full retrace: ETH 1W ATM IV ≤ 50.19 percent at . Current level 52.31; 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 47a3a6231f994f82fbc652c77971634b8a921e7bca69bb14d93b19bc2d7b6f93

Consumed endpoint proof: 860a5e60b13d730294600ecb4733313f623c5b420ee4d0fc833a8c938ea80bb3

  • 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 2026-09-09T16:30:00+00:00 to 2026-09-10T16:30:00+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 2026-09-09T16:30:00+00:00 to 2026-09-10T16:30:00+00:00.
Chart notes

01 · Market read

The day across the three live Derivasys markets.

The one-week ATM IV gap between Solana and Bitcoin narrowed to 14.19 volatility points from 15.78 points. Ether nevertheless led daily repricing, with a 2.12-point increase versus a 0.69-point decline for Solana.

Cross-sectional observations

One-week ATM IV level dispersion: Compression: absolute level gap 14.19 vol points; absolute gap change -1.59 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 2.81 vol points. Stored daily changes across 3 assets.

SOL stands apart: 1W ATM IV change is 1.59 vol points below 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 14.19 vol pts; daily one-week ATM IV changes span 2.81 vol pts across the complex.

ETH has the highest 1W IV-minus-7D-RV spread at +9.23 vol points; BTC has the lowest at +7.40 vol points. The range between these spreads is 1.83 vol points.

Aligned 24-hour spot correlations: BTC/ETH 0.90 (12 observations).

SOL

1W ATM IV change

-1.59 points from the group median

BTC

1W ATM IV level

-11.84 points from the group median

ETH

1W RR25 level

+1.76 points from the group median

Relative-value rankings

Leaders and laggards across the same cutoff.

Metric1st2nd3rd
1W ATM IV levelSOL · 54.66ETH · 52.31BTC · 40.47
Daily 1W ATM IV changeETH · 2.12BTC · 0.90SOL · -0.69
1W IV minus 7d realisedETH · 9.23BTC · 7.40—
Highest 1W RR25ETH · 2.66SOL · 0.90 · up 1BTC · 0.78 · down 1
Lowest 1W RR25BTC · 0.78 · up 1SOL · 0.90 · down 1ETH · 2.66
24h spot performanceETH · 0.13BTC · 0.02—

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 2.4–3.3 times VIX, while short-window equity correlations remained low.

Asset30d ATM IVVIX spreadIV / VIXReported crypto RVReported SPX RVRV spread percentile30-session correlation
BTC38.47%+22.75 vol pts2.45×47.17%8.54%percentile rank 81.2%+0.186
ETH51.82%+36.10 vol pts3.30×54.37%8.54%percentile rank 39.4%+0.033
SOL52.36%+36.64 vol pts3.33×74.10%8.54%percentile rank 52.9%+0.248

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 08 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+0.02%40.47%+0.90 vol pts33.07%+7.40 vol pts+0.78 vol pts+2.12 vol pts
ETH+0.13%52.31%+2.12 vol pts43.08%+9.23 vol pts+2.66 vol pts+3.14 vol pts
SOLUnavailable54.66%-0.69 vol ptsUnavailableUnavailable+0.90 vol pts+4.48 vol pts

04 · Term structures

ATM implied volatility across common standard tenors.

Asset1W ATM / Δ1M ATM / Δ3M ATM / Δ6M ATM / Δ
BTC40.47% / +0.9038.40% / +0.4539.56% / +0.2040.33% / +0.21
ETH52.31% / +2.1252.42% / +1.0253.31% / +0.8054.75% / +0.36
SOL54.66% / -0.6952.53% / -0.2851.70% / -0.09Unavailable

05 · Constituent evidence

Audit the independently published source artifacts.

Evidence, source data and methodology
Technical appendix: measurement and history provenance

Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 47a3a6231f994f82fbc652c77971634b8a921e7bca69bb14d93b19bc2d7b6f93.

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

One-week ATM IV dispersion across Bitcoin, Ether and Solana narrowed 1.59 volatility points to 14.19 points, with Solana at 54.66% and Bitcoin at 40.47%. The convergence in levels obscured a divergent daily repricing: Ether’s one-week ATM IV rose 2.12 points while Solana’s fell 0.69 points. DerivaSys data therefore show less separation in prevailing volatility levels but a clear leader in the day’s volatility adjustment.

At report cutoff · Levels and stored endpoint changes

What matters now

Vol: BTC 1W ATM IV 40.47% · Δ +0.90 vol pts; ETH 1W ATM IV 52.31% · Δ +2.12 vol pts; SOL 1W ATM IV 54.66% · Δ -0.69 vol pts

Skew: BTC 1W RR25 0.78 vol pts · Δ -0.53 vol pts; ETH 1W RR25 2.66 vol pts · Δ +1.00 vol pts; SOL 1W RR25 0.90 vol pts · Δ -0.38 vol pts

IV level gap: 1W ATM IV level gap 14.19 vol pts (SOL 54.66% versus BTC 40.47%) · SOL minus BTC spread Δ -1.59 vol pts

Vol

BTC 1W ATM IV 40.47% · Δ +0.90 vol ptspercentile rank 31.2% by absolute move · full history (n=138)

ETH 1W ATM IV 52.31% · Δ +2.12 vol ptspercentile rank 36.4% by absolute move · full history (n=22)

SOL 1W ATM IV 54.66% · Δ -0.69 vol pts

Skew

BTC 1W RR25 0.78 vol pts · Δ -0.53 vol ptspercentile rank 37.7% by absolute move · full history (n=138)

ETH 1W RR25 2.66 vol pts · Δ +1.00 vol ptspercentile rank 22.7% by absolute move · full history (n=22)

SOL 1W RR25 0.90 vol pts · Δ -0.38 vol pts

Wings

BTC 1W BF25 2.12 vol pts · Δ +0.25 vol ptspercentile rank 70.0% by absolute move · 30-day window (n=30)

ETH 1W BF25 3.14 vol pts · Δ +0.10 vol ptspercentile rank 13.6% by absolute move · full history (n=22)

SOL 1W BF25 4.48 vol pts · Δ +0.22 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 9 Sept 2026, 16:30 UTC; ETH 9 Sept 2026, 16:30 UTC; SOL 9 Sept 2026, 16:30 UTC. Each asset is shown separately.

Historical move evidence

BTC 1W ATM IV: percentile rank 31.2% by absolute move · full history (n=138)

BTC 1W RR25: percentile rank 37.7% by absolute move · full history (n=138)

BTC 1W BF25: percentile rank 70.0% by absolute move · 30-day window (n=30)

ETH 1W ATM IV: percentile rank 36.4% by absolute move · full history (n=22)

ETH 1W RR25: percentile rank 22.7% by absolute move · full history (n=22)

ETH 1W BF25: percentile rank 13.6% by absolute move · full history (n=22)

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 09 Sept 2026, 16:30:00 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 09 Sept 2026, 16:30:00 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 09 Sept 2026, 16:30:00 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 one-minute returns, found 10044 (99.6429% coverage); returns spanning missing minutes are excluded 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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