Reading Weekly Bitcoin and Ether Futures Yields and Volatility Surfaces
Summary
This weekly derivatives report summarizes futures implied yields and option volatility conditions for Bitcoin and Ether. It describes short dated Bitcoin yields turning positive and flattening toward longer maturities, while Ether’s one month yield remains negative. It also compares at the money volatility term structures, put-call skew, and strike-based volatility smiles, highlighting different levels and shapes across the two assets.
The report references annualized futures yields, implied volatility surfaces, at the money tables, z-scores based on the prior thirty days of hourly observations, and SABR or SVI smile calibrations. It notes tight bid-ask implied volatilities in parts of the strike range and continued steepness in the wings. The supplied text contains mainly headlines and chart descriptions rather than the underlying tables or detailed numerical series, so it supports a framework for monitoring market state rather than a fully reproducible analysis or trading conclusion.
Key ideas
- Futures implied yields across maturities can reveal changes in relative short and long dated pricing.
- Bitcoin and Ether showed different yield recovery and at the money volatility levels in the reported week.
- Put-call skew and volatility smiles add information beyond a single at the money volatility reading.
- Rolling z-scores can place current implied volatility in context against recent hourly history.
- The text summarizes charts but omits detailed observations needed to reproduce a trading signal.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.