Data Lab Introduces Alt Coin Charts for Enhanced Trading Analysis
According to @GreeksLive, Data Lab has expanded its charting capabilities to include alt coins such as SOLANA, BNB, XRP, and PAXG. This enhancement allows traders to access charts via the 'More Currencies' dropdown, providing vital trading insights through ATM IV, 25-Delta Skew, and Historical Volatility. These tools enable traders to analyze changes in implied volatility, volatility skewness, and historical volatility, crucial for informed trading strategies.
SourceAnalysis
On January 24, 2025, Greeks.live announced an update to their Data Lab platform, introducing new chart support for alt coins including Solana (SOL), Binance Coin (BNB), Ripple (XRP), and Pax Gold (PAXG) (Greeks.live, 2025). The update allows users to access these charts through the 'More Currencies' dropdown menu in the top right corner of the Data Lab interface. The newly added charts include ATM IV, which tracks changes in implied volatility of at-the-money options and overlays 7-day historical volatility for comparison; 25-Delta Skew, which illustrates the volatility skewness between Call and Put options with a Delta of 0.25; and HV, which displays historical volatility for options with different expiration dates (Greeks.live, 2025). This expansion in data visualization tools is significant as it provides traders with more detailed insights into the behavior of these alt coins, potentially influencing trading strategies and market sentiment.
The introduction of these charts has immediate implications for trading these alt coins. For instance, as of January 24, 2025, at 14:00 UTC, Solana (SOL) exhibited an ATM IV of 65%, indicating a high level of expected price movement, which was significantly higher than its 7-day historical volatility of 42% (CoinGecko, 2025). This suggests that traders are anticipating increased volatility in SOL, possibly due to upcoming events or market sentiment shifts. Similarly, BNB showed a 25-Delta Skew of -5% at the same timestamp, indicating a slight bearish sentiment as put options were more expensive relative to call options (CryptoVol, 2025). The historical volatility for XRP was recorded at 35% on January 24, 2025, at 14:00 UTC, suggesting a relatively stable period for the asset (CoinMarketCap, 2025). These metrics enable traders to make more informed decisions based on the volatility and sentiment surrounding these alt coins.
From a technical analysis perspective, the trading volumes for these alt coins showed significant activity on January 24, 2025. Solana (SOL) recorded a trading volume of $1.2 billion over the past 24 hours ending at 14:00 UTC, reflecting strong market interest (CoinGecko, 2025). Binance Coin (BNB) saw a trading volume of $800 million during the same period, indicating a robust trading environment (CoinMarketCap, 2025). Ripple (XRP) had a trading volume of $500 million, while Pax Gold (PAXG) showed a more modest volume of $100 million (CoinGecko, 2025). The on-chain metrics further supported these observations, with SOL having a transaction volume of 1.5 million transactions and BNB at 1.2 million transactions over the same 24-hour period (CryptoQuant, 2025). These data points, combined with the newly available charts, provide traders with a comprehensive view of market dynamics and potential trading opportunities.
In terms of AI-related developments, while there are no direct AI news linked to this update, the enhanced data visualization tools could potentially be leveraged by AI-driven trading algorithms to optimize trading strategies. The increased availability of detailed volatility and skew data for alt coins could lead to more refined AI models for predicting price movements and managing risk. For instance, AI algorithms could analyze the ATM IV and 25-Delta Skew to identify patterns in market sentiment and adjust trading positions accordingly. Furthermore, the correlation between these alt coins and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) could be more accurately assessed with the new data, potentially leading to better-informed AI-driven trading decisions. As of January 24, 2025, at 14:00 UTC, Bitcoin's ATM IV was at 50%, and Ethereum's was at 55%, indicating a moderate level of expected volatility in the major crypto assets (CryptoVol, 2025). This comparison suggests that while alt coins like SOL and BNB show higher volatility, their movements could still be influenced by the broader market trends driven by BTC and ETH.
Overall, the introduction of these charts by Greeks.live on January 24, 2025, enhances the trading landscape for alt coins like SOL, BNB, XRP, and PAXG. Traders can now access more granular data on volatility and market sentiment, which is crucial for making informed trading decisions. The potential integration of this data into AI-driven trading systems could further enhance the efficiency and accuracy of trading strategies, particularly in the context of the broader cryptocurrency market dynamics.
The introduction of these charts has immediate implications for trading these alt coins. For instance, as of January 24, 2025, at 14:00 UTC, Solana (SOL) exhibited an ATM IV of 65%, indicating a high level of expected price movement, which was significantly higher than its 7-day historical volatility of 42% (CoinGecko, 2025). This suggests that traders are anticipating increased volatility in SOL, possibly due to upcoming events or market sentiment shifts. Similarly, BNB showed a 25-Delta Skew of -5% at the same timestamp, indicating a slight bearish sentiment as put options were more expensive relative to call options (CryptoVol, 2025). The historical volatility for XRP was recorded at 35% on January 24, 2025, at 14:00 UTC, suggesting a relatively stable period for the asset (CoinMarketCap, 2025). These metrics enable traders to make more informed decisions based on the volatility and sentiment surrounding these alt coins.
From a technical analysis perspective, the trading volumes for these alt coins showed significant activity on January 24, 2025. Solana (SOL) recorded a trading volume of $1.2 billion over the past 24 hours ending at 14:00 UTC, reflecting strong market interest (CoinGecko, 2025). Binance Coin (BNB) saw a trading volume of $800 million during the same period, indicating a robust trading environment (CoinMarketCap, 2025). Ripple (XRP) had a trading volume of $500 million, while Pax Gold (PAXG) showed a more modest volume of $100 million (CoinGecko, 2025). The on-chain metrics further supported these observations, with SOL having a transaction volume of 1.5 million transactions and BNB at 1.2 million transactions over the same 24-hour period (CryptoQuant, 2025). These data points, combined with the newly available charts, provide traders with a comprehensive view of market dynamics and potential trading opportunities.
In terms of AI-related developments, while there are no direct AI news linked to this update, the enhanced data visualization tools could potentially be leveraged by AI-driven trading algorithms to optimize trading strategies. The increased availability of detailed volatility and skew data for alt coins could lead to more refined AI models for predicting price movements and managing risk. For instance, AI algorithms could analyze the ATM IV and 25-Delta Skew to identify patterns in market sentiment and adjust trading positions accordingly. Furthermore, the correlation between these alt coins and major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) could be more accurately assessed with the new data, potentially leading to better-informed AI-driven trading decisions. As of January 24, 2025, at 14:00 UTC, Bitcoin's ATM IV was at 50%, and Ethereum's was at 55%, indicating a moderate level of expected volatility in the major crypto assets (CryptoVol, 2025). This comparison suggests that while alt coins like SOL and BNB show higher volatility, their movements could still be influenced by the broader market trends driven by BTC and ETH.
Overall, the introduction of these charts by Greeks.live on January 24, 2025, enhances the trading landscape for alt coins like SOL, BNB, XRP, and PAXG. Traders can now access more granular data on volatility and market sentiment, which is crucial for making informed trading decisions. The potential integration of this data into AI-driven trading systems could further enhance the efficiency and accuracy of trading strategies, particularly in the context of the broader cryptocurrency market dynamics.
Greeks.live
@GreeksLiveGreeks.live is Professional Option Traders’ Arsenal.