{
  "as_of_utc": "2026-09-25",
  "exclusions": [],
  "first_archive_day": "2021-09-01",
  "input_sha256": "1b0f8db1044d54dd8dc6080dd37da0b5262bd7f2cc17a81b65c1a644457131fb",
  "last_archive_day": "2026-09-25",
  "monthly_90d": {
    "asset": {
      "median": -0.20987414,
      "n": 18,
      "p10": -0.61111831,
      "p90": 0.38186065,
      "positive_n": 5
    },
    "btc": {
      "median": -0.05379764,
      "n": 18,
      "p10": -0.2299178,
      "p90": 0.25201502,
      "positive_n": 7
    },
    "candidate_n": 18,
    "complete_n": 18,
    "deeper_drawdown_n": 18,
    "excluded_n": 0,
    "nonoverlap_relative_pp": {
      "median": -15.541245,
      "n": 6,
      "p10": -45.3337885,
      "p90": 32.233909,
      "positive_n": 2
    },
    "outperform_n": 6,
    "relative_pp": {
      "median": -16.265421,
      "n": 18,
      "p10": -51.2346773,
      "p90": 29.5667506,
      "positive_n": 6
    }
  },
  "observations": [
    {
      "asset_best_from_entry": 0.26415094,
      "asset_drawdown": -0.71766169,
      "asset_minus_btc_pp": -52.52524,
      "asset_return": -0.64308176,
      "asset_worst_from_entry": -0.64308176,
      "btc_drawdown": -0.25953428,
      "btc_return": -0.11782936,
      "end": "2025-04-01",
      "start": "2025-01-01"
    },
    {
      "asset_best_from_entry": 0.0,
      "asset_drawdown": -0.63132296,
      "asset_minus_btc_pp": -22.994999,
      "asset_return": -0.28793774,
      "asset_worst_from_entry": -0.63132296,
      "btc_drawdown": -0.25487896,
      "btc_return": -0.05798775,
      "end": "2025-05-02",
      "start": "2025-02-01"
    },
    {
      "asset_best_from_entry": 0.39755352,
      "asset_drawdown": -0.49331551,
      "asset_minus_btc_pp": 5.400468,
      "asset_return": 0.3058104,
      "asset_worst_from_entry": -0.4204893,
      "btc_drawdown": -0.19038477,
      "btc_return": 0.25180572,
      "end": "2025-05-30",
      "start": "2025-03-01"
    },
    {
      "asset_best_from_entry": 1.01321586,
      "asset_drawdown": -0.36214442,
      "asset_minus_btc_pp": 25.566013,
      "asset_return": 0.56828194,
      "asset_worst_from_entry": -0.16519824,
      "btc_drawdown": -0.10375882,
      "btc_return": 0.3126218,
      "end": "2025-06-30",
      "start": "2025-04-01"
    },
    {
      "asset_best_from_entry": 0.23848238,
      "asset_drawdown": -0.36214442,
      "asset_minus_btc_pp": -29.044378,
      "asset_return": -0.03794038,
      "asset_worst_from_entry": -0.2100271,
      "btc_drawdown": -0.09608517,
      "btc_return": 0.2525034,
      "end": "2025-07-30",
      "start": "2025-05-01"
    },
    {
      "asset_best_from_entry": 0.11523179,
      "asset_drawdown": -0.28989038,
      "asset_minus_btc_pp": -21.897471,
      "asset_return": -0.18278146,
      "asset_worst_from_entry": -0.22781457,
      "btc_drawdown": -0.12107267,
      "btc_return": 0.03619325,
      "end": "2025-08-30",
      "start": "2025-06-01"
    },
    {
      "asset_best_from_entry": 0.24188791,
      "asset_drawdown": -0.33491686,
      "asset_minus_btc_pp": -19.137071,
      "asset_return": -0.14454277,
      "asset_worst_from_entry": -0.1740413,
      "btc_drawdown": -0.12213539,
      "btc_return": 0.04682794,
      "end": "2025-09-29",
      "start": "2025-07-01"
    },
    {
      "asset_best_from_entry": 0.12089552,
      "asset_drawdown": -0.68548602,
      "asset_minus_btc_pp": -55.919844,
      "asset_return": -0.60880597,
      "asset_worst_from_entry": -0.64746269,
      "btc_drawdown": -0.14621429,
      "btc_return": -0.04960753,
      "end": "2025-10-30",
      "start": "2025-08-01"
    },
    {
      "asset_best_from_entry": 0.12071778,
      "asset_drawdown": -0.69563319,
      "asset_minus_btc_pp": -41.53588,
      "asset_return": -0.57650897,
      "asset_worst_from_entry": -0.6588907,
      "btc_drawdown": -0.32022507,
      "btc_return": -0.16115018,
      "end": "2025-11-30",
      "start": "2025-09-01"
    },
    {
      "asset_best_from_entry": 0.11376147,
      "asset_drawdown": -0.67825371,
      "asset_minus_btc_pp": -38.142337,
      "asset_return": -0.61651376,
      "asset_worst_from_entry": -0.64165138,
      "btc_drawdown": -0.32022507,
      "btc_return": -0.23509039,
      "end": "2025-12-30",
      "start": "2025-10-01"
    },
    {
      "asset_best_from_entry": 0.54587738,
      "asset_drawdown": -0.46580963,
      "asset_minus_btc_pp": 12.664389,
      "asset_return": -0.10105708,
      "asset_worst_from_entry": -0.17420719,
      "btc_drawdown": -0.23421719,
      "btc_return": -0.22770097,
      "end": "2026-01-30",
      "start": "2025-11-01"
    },
    {
      "asset_best_from_entry": 0.15480844,
      "asset_drawdown": -0.49830738,
      "asset_minus_btc_pp": -12.820363,
      "asset_return": -0.38702111,
      "asset_worst_from_entry": -0.42064113,
      "btc_drawdown": -0.35112207,
      "btc_return": -0.25881748,
      "end": "2026-03-01",
      "start": "2025-12-01"
    },
    {
      "asset_best_from_entry": 0.48666331,
      "asset_drawdown": -0.52234259,
      "asset_minus_btc_pp": 38.901805,
      "asset_return": 0.1680926,
      "asset_worst_from_entry": -0.28988425,
      "btc_drawdown": -0.35112207,
      "btc_return": -0.22092545,
      "end": "2026-04-01",
      "start": "2026-01-01"
    },
    {
      "asset_best_from_entry": 0.38391906,
      "asset_drawdown": -0.2486688,
      "asset_minus_btc_pp": 6.238708,
      "asset_return": 0.05591054,
      "asset_worst_from_entry": -0.2486688,
      "btc_drawdown": -0.20105421,
      "btc_return": -0.00647654,
      "end": "2026-05-02",
      "start": "2026-02-01"
    },
    {
      "asset_best_from_entry": 0.65752551,
      "asset_drawdown": -0.27241247,
      "asset_minus_btc_pp": 46.244391,
      "asset_return": 0.55931122,
      "asset_worst_from_entry": -0.10012755,
      "btc_drawdown": -0.11849875,
      "btc_return": 0.09686732,
      "end": "2026-05-30",
      "start": "2026-03-01"
    },
    {
      "asset_best_from_entry": 0.20292977,
      "asset_drawdown": -0.39648997,
      "asset_minus_btc_pp": -11.945419,
      "asset_return": -0.23696682,
      "asset_worst_from_entry": -0.27401982,
      "btc_drawdown": -0.27530764,
      "btc_return": -0.11751263,
      "end": "2026-06-30",
      "start": "2026-04-01"
    },
    {
      "asset_best_from_entry": 0.42667348,
      "asset_drawdown": -0.50644699,
      "asset_minus_btc_pp": -13.393771,
      "asset_return": -0.29586101,
      "asset_worst_from_entry": -0.29586101,
      "btc_drawdown": -0.28689137,
      "btc_return": -0.1619233,
      "end": "2026-07-30",
      "start": "2026-05-01"
    },
    {
      "asset_best_from_entry": 0.01858736,
      "asset_drawdown": -0.55693431,
      "asset_minus_btc_pp": -50.681579,
      "asset_return": -0.44498141,
      "asset_worst_from_entry": -0.54869888,
      "btc_drawdown": -0.20427288,
      "btc_return": 0.06183438,
      "end": "2026-08-30",
      "start": "2026-06-01"
    }
  ],
  "output_sha256": "8ae2d6eb0c6f8d3d434a758da14d34ebe63624414e73d15b6959615152b356bc",
  "protocol": "Matched BTC/asset Binance USDT spot UTC daily opens. Recent 7/30/90/180/365-day end-date comparisons require every daily open; incomplete intervals are null. Historical cohort: every monthly first-day start from first eligible full month through 2026-06-01, exit 90 days later; retain only complete paired 91-open paths; no costs, leverage, staking, funding or intraday fills. For FETUSDT, monthly starts before 2025-01-01 are outside this release because of the prior token-merger supply regime. Overlapping windows are not independent experiments. Non-overlap sensitivity uses every third calendar month without selecting by outcome. Archive may include retrospective backfills and cannot prove historical real-time knowledge.",
  "recent": [
    {
      "asset_return": 0.31228473,
      "btc_return": 0.10460014,
      "days": 7,
      "end": "2026-09-25",
      "missing_days": 0,
      "start": "2026-09-18",
      "status": "complete"
    },
    {
      "asset_return": 0.4041769,
      "btc_return": 0.07475395,
      "days": 30,
      "end": "2026-09-25",
      "missing_days": 0,
      "start": "2026-08-26",
      "status": "complete"
    },
    {
      "asset_return": 0.28571429,
      "btc_return": 0.40456031,
      "days": 90,
      "end": "2026-09-25",
      "missing_days": 0,
      "start": "2026-06-27",
      "status": "complete"
    },
    {
      "asset_return": -0.03422053,
      "btc_return": 0.27167828,
      "days": 180,
      "end": "2026-09-25",
      "missing_days": 0,
      "start": "2026-03-29",
      "status": "complete"
    },
    {
      "asset_return": -0.61319797,
      "btc_return": -0.25503073,
      "days": 365,
      "end": "2026-09-25",
      "missing_days": 0,
      "start": "2025-09-25",
      "status": "complete"
    }
  ],
  "source_date_fields": [
    "event_time",
    "observed_at",
    "ingested_at"
  ],
  "symbol": "FETUSDT",
  "turnover": {
    "boundary": "Candle turnover is not quoted bid/ask depth or executable slippage.",
    "median_quote_volume_30d_usdt": 11468898.37,
    "valid_days": 30
  },
  "venue": "Binance Spot USDT",
  "version": "hot-coin-spot-paths-1.0"
}
