According to @glassnode, 25-delta skew remains in put territory, while the skew index shows short-dated skew near equilibrium and longer-dated skew leaning higher, indicating demand for upside convexity rather than pure hedging, source: @glassnode. For traders, this split skew profile highlights balanced near-term option pricing but growing demand for longer-dated upside convexity exposure, source: @glassnode.

According to @glassnode, interpolated implied volatility surfaces across deltas and maturities for BTC, ETH, SOL, XRP, BNB, and PAXG are now live in Glassnode Studio, expanding the platform’s options market coverage for traders. source: Glassnode The standardized IV surface enables traders to compare skew and term structure across assets and expiries for more consistent relative-value analysis in crypto options. source: Cboe Options Institute These surfaces are commonly used to price and hedge strategies such as calendars, butterflies, and risk reversals across delta buckets. source: Cboe Options Institute Including PAXG adds a gold-linked volatility reference that can inform cross-asset comparisons alongside BTC and ETH when evaluating macro risk in crypto markets. source: CME Group Education