📐 ₿itcoin's True Volatility Structure — σ(t) = σ_floor + A × t^(−β)
NETWORK SIGMA σ(t) = 40.70%
CURRENT DVOL = 34.93%
Spread: -5.77pp | 🟢 CHEAP — long gamma
HV90: 36.97% | Peak: 174.21% | Floor: 20.68%
🌀 Coil: 89% compressed
VERY CHEAP 🟩 ← −8pp
CHEAP 🟢 −3 to −8pp
FAIR 🟠 ±3pp
RICH 🔴 +3 to +10pp
VERY RICH 🟥 → +10pp
BTC's structural vol at current network maturity — it doesn't panic, it doesn't chase.
σ(t) = σ_floor + A × t^(−β)
Where:
σ_floor = 0.2068 (≈21%) — the empirical vol floor. The lowest HV90 ever recorded across ~4,100 rolling 90-day windows spanning Dec 2014 to May 2026.
A = 13.00 — the immaturity premium. Calibrated from median HV90 across the ETF era (Jan 2024–present). Fixed constant.
β = 1.461 — the decay rate. How fast the immaturity premium burns off.
t = network age in years from BTC genesis (Jan 3, 2009).
Calibrated: σ(t) = 0.21 + 13.00 × t^(−1.461)
NetworkSigma moves ~0.06pp per year. DVOL moves that in minutes. The spread between them tells you when implied vol is cheap, fair, or rich relative to realized structure.
The 🌀 Coil tracks HV90 compression from its all-time peak toward the vol floor. 0% = HV90 at peak (fully expanded). 100% = HV90 at floor (maximum compression). Historically, every floor touch preceded a regime-changing move.
Vol floor + NetworkSigma + Coil framework (askHVtobidIV/Mimir) ✅
β decay via SAOM (Koskela/Perrenod)
↳SSRN Research Paper #6666259 ✅
#AskMimir | #NoSlop
NETWORK SIGMA σ(t) = 40.70%
CURRENT DVOL = 34.93%
Spread: -5.77pp | 🟢 CHEAP — long gamma
HV90: 36.97% | Peak: 174.21% | Floor: 20.68%
🌀 Coil: 89% compressed
VERY CHEAP 🟩 ← −8pp
CHEAP 🟢 −3 to −8pp
FAIR 🟠 ±3pp
RICH 🔴 +3 to +10pp
VERY RICH 🟥 → +10pp
BTC's structural vol at current network maturity — it doesn't panic, it doesn't chase.
σ(t) = σ_floor + A × t^(−β)
Where:
σ_floor = 0.2068 (≈21%) — the empirical vol floor. The lowest HV90 ever recorded across ~4,100 rolling 90-day windows spanning Dec 2014 to May 2026.
A = 13.00 — the immaturity premium. Calibrated from median HV90 across the ETF era (Jan 2024–present). Fixed constant.
β = 1.461 — the decay rate. How fast the immaturity premium burns off.
t = network age in years from BTC genesis (Jan 3, 2009).
Calibrated: σ(t) = 0.21 + 13.00 × t^(−1.461)
NetworkSigma moves ~0.06pp per year. DVOL moves that in minutes. The spread between them tells you when implied vol is cheap, fair, or rich relative to realized structure.
The 🌀 Coil tracks HV90 compression from its all-time peak toward the vol floor. 0% = HV90 at peak (fully expanded). 100% = HV90 at floor (maximum compression). Historically, every floor touch preceded a regime-changing move.
Vol floor + NetworkSigma + Coil framework (askHVtobidIV/Mimir) ✅
β decay via SAOM (Koskela/Perrenod)
↳SSRN Research Paper #6666259 ✅
#AskMimir | #NoSlop
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