The Fear & Greed Index tells you what Reddit thinks. MSVI tells you what the options market knows — and signs the answer.

Today we're launching the Mycelia Signal Volatility Index (MSVI) — a five-component weighted volatility index for BTC and ETH, cryptographically signed with Ed25519 on every query.

Five independent signals:

• Realized Volatility — Parkinson estimator, 30D historical OHLCV, Binance + OKX + Kraken
• Implied Volatility — Deribit ATM options, delta-neutral, OI-weighted
• Term Structure — 7D/90D IV ratio, backwardation vs contango
• Funding Rate — absolute deviation from 30D mean, Binance + Bybit perpetuals
• Put/Call Ratio — USD-value OI, Deribit, 30D expiry window

Today's readings: BTC MSVI: 55.92 — elevated. Funding rate stress is the outlier — longs heavily positioned vs near-zero 30D mean. ETH MSVI: 59.23 — elevated. Higher realized vol (61%) vs BTC (44%), IV in contango.

Pricing: 500 sats per query via Lightning (L402). $0.05 USDC via Base (x402). Free unsigned preview at no cost.

Why it matters for Stackers: This is pay-per-query via Lightning. No subscriptions. No API keys. A Lightning wallet queries it for 500 sats and gets a signed volatility attestation it can verify against a published public key. Bitcoin-native from the ground up.

The methodology is versioned and signed — if we change the weights the version number bumps and downstream consumers detect it automatically.

Free preview: https://api.myceliasignal.com/oracle/volatility/btc/usd/preview

Docs: https://myceliasignal.com/docs/volatility/

#bitcoin #lightning #l402