Original Derivasys market intelligence
A permanent record of ATM volatility, skew, convexity and fitted-smile changes. BTC, ETH and SOL have individual daily coverage, with separate major-coin and altcoin comparisons; BTC also has a weekly edition.
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ATM volatility was little changed across maturities, while RR25 shifted toward puts and BF25 declined; the largest standard-tenor move was a 1W ATM IV decrease.
Across the six headline tenors, ATM IV averaged -1.18 volatility points, RR25 -0.62 volatility points and BF25 -0.27 volatility points between the stored endpoints.
BTC ATM volatility declined across the curve, led by the front end, while RR25 moved toward calls and BF25 softened.
ATM IV increased across the curve, with the strongest move at 1W, while RR25 shifted modestly toward puts and BF25 was broadly unchanged.
Front-end ATM IV increased while long-dated IV eased; RR25 moved toward puts, with the largest ATM move at 1W.
Across the six headline tenors, ATM IV averaged -0.10 volatility points, RR25 -1.71 volatility points and BF25 +0.14 volatility points between the stored endpoints.
Front-end ATM IV fell, including a 2.25-point decline at 1W, while long-dated IV was broadly unchanged and RR25 moved modestly toward calls.
Front-end ATM IV increased, led by a +1.38 volatility-point move at 1W, while long-dated ATM IV declined; skew and convexity were broadly unchanged.
ATM IV increased across tenors, with the strongest move at 1W, while RR25 shifted toward puts and BF25 was broadly unchanged.
ATM implied volatility declined across maturities, with the largest standard-tenor move at 2W, while RR25 moved modestly toward puts and BF25 was broadly unchanged.
Across the six headline tenors, ATM IV averaged +0.61 volatility points, RR25 +0.62 volatility points and BF25 +0.16 volatility points between the stored endpoints.
Front-end ATM IV rose, led by a +0.34 volatility-point move at 1W, while RR25 shifted towards puts and BF25 increased; long-dated ATM IV was broadly unchanged.
BTC options repriced higher at the front end, led by a +0.83 volatility-point move at 2W, while long-dated ATM volatility was broadly unchanged and RR25 shifted towards puts.
Across the six headline tenors, ATM IV averaged +0.53 volatility points, RR25 +1.48 volatility points and BF25 +0.10 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.32 volatility points, RR25 +0.36 volatility points and BF25 +0.02 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.36 volatility points, RR25 -0.30 volatility points and BF25 +0.08 volatility points between the stored endpoints.
Front-end ATM IV was broadly unchanged, while long-dated ATM IV declined; skew and convexity were also broadly unchanged.
Across the six headline tenors, ATM IV averaged -0.14 volatility points, RR25 +0.06 volatility points and BF25 -0.00 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.69 volatility points, RR25 -0.05 volatility points and BF25 +0.00 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.81 volatility points, RR25 +0.27 volatility points and BF25 +0.05 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.90 volatility points, RR25 +1.12 volatility points and BF25 -0.07 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.45 volatility points, RR25 -0.46 volatility points and BF25 +0.07 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.57 volatility points, RR25 -0.20 volatility points and BF25 +0.06 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.65 volatility points, RR25 -0.19 volatility points and BF25 -0.03 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -1.08 volatility points, RR25 +0.89 volatility points and BF25 -0.03 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -1.72 volatility points, RR25 +0.35 volatility points and BF25 -0.18 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +0.30 volatility points, RR25 -0.10 volatility points and BF25 +0.04 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged +1.13 volatility points, RR25 -0.43 volatility points and BF25 +0.03 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.80 volatility points, RR25 +0.39 volatility points and BF25 -0.06 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.17 volatility points, RR25 -0.43 volatility points and BF25 +0.24 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.47 volatility points, RR25 +0.05 volatility points and BF25 -0.17 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.59 volatility points, RR25 +0.20 volatility points and BF25 -0.06 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -1.72 volatility points, RR25 +0.46 volatility points and BF25 -0.12 volatility points between the stored endpoints.
Across the six headline tenors, ATM IV averaged -0.93 volatility points, RR25 +0.86 volatility points and BF25 -0.33 volatility points between the stored endpoints.
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Market context
Daily reports from 18 July 2026 pair the measured surface change with a readable news briefing and links to the original collected stories. Earlier editions preserve surface analysis without retroactively implying news coverage.
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