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Volatility-of-volatility view over BTC vol-index and surface state.

Volatility-of-volatility view over ETH vol-index and surface state.

Running edge between systematic short-vol and long-vol BTC straddle programs.

Running edge between systematic short-vol and long-vol ETH straddle programs.

Composite BTC market-state index separating sentiment, direction, and fragility.

Composite ETH market-state index separating sentiment, direction, and fragility.

BTC/ETH weighted composite market-state index separating sentiment, direction, and fragility.

Smile, term structure, and surface change monitoring by asset.

Implied vs realized carry, roll-down, and volatility-risk-premium context.

Short and long skew, crash-premium state, and skew stress changes.

Quote-versus-fit residuals and local smile dislocations by tenor.

BTC versus ETH spread monitoring across vol, skew, VVIX, and Razor context.

OI and volume concentration across expiry and moneyness buckets.

Historical percentile context for implied and realized volatility by tenor.

Front-to-back term slope changes over 24h and 72h windows.

True gamma concentration and pinning pressure by expiry and strike bucket.

Perpetual funding extremes and their interaction with the current vol regime.

ATM 7D breakeven move versus realized move to explain gamma richness or cheapness.

Empirical transition probabilities and duration statistics for the current vol regime.

Latent surface-factor momentum and node-level residual value signals.

Cost-adjusted ATM IV minus forecast-RV carry with jump-risk and toxicity veto layers.

Pain strike, strike concentration, gamma/vanna/charm, and pin-versus-breakout context.

Smile-aware delta, no-trade regions, and route preference across hedge instruments.

UTC session, funding-window, weekend, and expiry-window vol/carry context.

Surface-implied correlation proxy versus forecast realized correlation and cross-smile consistency.

Funding and basis extremes mapped into skew richness and RR/BF stress.

Perps carry economics across basis, funding, and carry momentum.

Liquidation intensity, asymmetry, and OI/depth fragility.

VPIN-style toxicity, flow persistence, and large-trade pressure.

Leverage build-up and unwind pressure independent of price direction.

Leader venue, dislocation bps, and convergence speed.

Spread regime, refill speed, and book fragility.

Multi-frequency realized vol, signature ratio, and clustering.

Delta acceleration, absorption, and exhaustion regimes.