7 Aug 2026, 01:04 UTC165 views3 reactionsread 7 August 2026 Photo
Paradigm Session Recap - August 6th
• BTC is flat at $64,256; DVOL is also flat at 34.98
• ETH is flat $1,901; DVOL is also flat at 47.90
As vol keeps trending down, today was a very calm day for the crypto market with only two trades over 100 BTC notional and no large trade for ETH
IV is still at the bottom rank and percentile of the year, but BTC's VRP still carries 6pp while ETH carries 8pp
*VRP calculated usi…
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6 Aug 2026, 01:42 UTC238 viewsread 7 August 2026 Photo
Paradigm Session Recap - August 5th
• BTC closed up 0.66% to $64,551; DVOL is flat at 34.65
• ETH closed up 2.14% to $1,906.8; DVOL is flat at 48.07
IV now sits at the bottom 0.5 percentile for BTC and ETH. IV rank for both assets sit at the bottom 2 percentile. The current vol trend is similar to 2023, where IV was making historical lows but still contained a fat risk premium compared to realized vol.
Contrary to…
4 Aug 2026, 23:04 UTC234 views4 reactionsread 7 August 2026 Photo
Paradigm Session Recap - August 4th
• BTC is up 1.23% to $64,239; DVOL is slightly down to 34.06
• ETH is up 0.87% to $1,875; DVOL is down to 47.89
Both IV and realized volatility keep trending down on crypto majors while equity indexes bounce to new ATHs
ETH flows featured mostly bear risk reversals for September and December's quarterly expiries, totaling 16.5k contracts
• Spot Brent fell another 6% to $78.48, …
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4 Aug 2026, 01:29 UTC256 viewsread 7 August 2026 Photo
Paradigm Session Recap - August 3rd
• BTC closed the day flat at $63,435; DVOL is slightly down to 34.81
• ETH is down 1.37% to $1,859; DVOL is slightly down to 49.23
The IV Rank & Percentile for both majors keep trending lower, BTC sits at IV Rank 3.4 and IV Percentile 3, while
ETH sits at IV Rank 4.7 and IV Percentile 3.8
The $70k call strike saw 3.3k new contracts opened today, the biggest change by any strike,…
31 Jul 2026, 00:06 UTC310 views1 reactionsread 7 August 2026 Photo
Paradigm Session Recap - July 30
• BTC is up 1.27% at $64,754; DVOL is down 2pp at 35.52
• ETH is up 1.36% at $1,933; DVOL is down 1.5pp at 50.9
The frontend of the curve got crushed by as much as 10v after the FOMC, with tomorrow's July 31 expiry falling 10.1v for BTC and 13.2v for ETH. The curve is now in contango from the Aug 7 expiry.
Tomorrow's expiry is a big one, $11.99B of BTC OI and $1.66B of ETH OI, 33.4…
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29 Jul 2026, 23:04 UTC290 viewsread 7 August 2026 Photo
Paradigm Session Recap - July 29
• BTC is flat at $63,881; DVOL is also flat at 37.48
• ETH is flat at $1,903; DVOL is also flat at 52.61
The FED kept rates unchanged on a 9-3 vote. It was the first time since 2016 that there were three dissents in the same direction
The bond market didn't like Warsh's press conference as the 30Y yields went up 0.061 points during the interview, now at 5.212%, the highest since 20…
29 Jul 2026, 00:51 UTC278 viewsread 7 August 2026 Photo
Paradigm Session Recap - July 28
• BTC is flat at $63,880; DVOL is also flat at 37.25pp
• ETH spot closed at $1,921; up 1.58%; DVOL is up 1pp at 52.9
Frontend volatility in BTC and ETH is trading rich relative to the 1M tenor, with the term structure inverted through late July and early August as markets price in uncertainty around tomorrow's FOMC rate decision.
Beyond the 28AUG expiry, the curve normalizes into co…
28 Jul 2026, 01:16 UTC299 viewsread 7 August 2026 Photo
Paradigm Session Recap - July 27
• BTC spot closed at $63,820; 2.48% down; DVOL is flat at 37pp
• ETH spot closed at $1,890; 3.34% down; DVOL is flat at 51.9pp
Today two factors scared the market:
• Rate hike odds on FedWatch are at 38%, the higher it has been in a long time
• News on China's first mass-production of DUV chipmaking tools were responsible for tanking the memory big names such as: ASML, AMD, Micron …
24 Jul 2026, 00:58 UTC388 views2 reactionsread 7 August 2026 Photo
Paradigm Session Recap – July 23
Spot is down, with BTC at $64,900 and ETH at $1,900 as of this writing. Tesla shed $214.5B in market capitalization, marking the largest one-day market cap loss in the company's history. Intel shares rallied in after-hours trading following stronger-than-expected quarterly results.
BTC put skew widened while ETH skew flipped back to puts. Flows were mixed, with BTC 24 Jul puts lifte…
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23 Jul 2026, 00:50 UTC363 viewsread 7 August 2026 Photo
Paradigm Session Recap – July 22
Spot is down, with BTC at $66,100 and ETH at $1,900 as of this writing. Treasury yields continued to climb alongside oil prices, pushing the 10-year yield near its 2026 intraday high of 4.69%. Alphabet reported 24% revenue growth in Q2, driven by its cloud business, but free cash flow turned negative as AI data center spending accelerated. Shares traded lower after hours.
BTC vols w…
22 Jul 2026, 00:54 UTC333 viewsread 7 August 2026 Photo
Paradigm Session Recap – July 21
Spot is up, with BTC at $66,600 and ETH at $1,900 as of this writing. Stock indexes moved higher as chip stocks rebounded. Coinbase shares rallied after the Clarity Act cleared a key hurdle, with the White House and a group of senators led by Sen. Cynthia Lummis (R., Wyo.) and Sen. Bernie Moreno (R., Ohio) reaching an agreement on an ethics provision that had stalled the bill. Fed Fu…
21 Jul 2026, 00:38 UTC339 viewsread 7 August 2026 Photo
Paradigm Session Recap – July 20
Spot is up, with BTC at $65,300 and ETH at $1,900 as of this writing. Q2 earnings season continues this week, with results due from Alphabet, Tesla, IBM, and Intel. It is a light week for macro data, and no Fed speakers are scheduled as policymakers are in the blackout period ahead of the next FOMC meeting.
ATM term structures were once again largely unchanged while ETH skew eased. …
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