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      "sui_max_drawdown": -0.093353,
      "sui_minus_btc_pp": -8.3909,
      "sui_return": 0.034157,
      "sui_worst_from_entry": -0.019469
    },
    {
      "btc_max_drawdown": -0.275308,
      "btc_return": -0.117513,
      "end": "2026-06-30",
      "horizon_days": 90,
      "start": "2026-04-01",
      "sui_best_from_entry": 0.517135,
      "sui_max_drawdown": -0.48863,
      "sui_minus_btc_pp": -8.2419,
      "sui_return": -0.199932,
      "sui_worst_from_entry": -0.224183
    },
    {
      "btc_max_drawdown": -0.106426,
      "btc_return": -0.03225,
      "end": "2026-05-31",
      "horizon_days": 30,
      "start": "2026-05-01",
      "sui_best_from_entry": 0.467026,
      "sui_max_drawdown": -0.32075,
      "sui_minus_btc_pp": 3.247,
      "sui_return": 0.00022,
      "sui_worst_from_entry": -0.003523
    },
    {
      "btc_max_drawdown": -0.286891,
      "btc_return": -0.161923,
      "end": "2026-07-30",
      "horizon_days": 90,
      "start": "2026-05-01",
      "sui_best_from_entry": 0.467026,
      "sui_max_drawdown": -0.488856,
      "sui_minus_btc_pp": -8.2599,
      "sui_return": -0.244523,
      "sui_worst_from_entry": -0.250138
    },
    {
      "btc_max_drawdown": -0.204273,
      "btc_return": -0.204273,
      "end": "2026-07-01",
      "horizon_days": 30,
      "start": "2026-06-01",
      "sui_best_from_entry": 0.0,
      "sui_max_drawdown": -0.238999,
      "sui_minus_btc_pp": -2.434,
      "sui_return": -0.228613,
      "sui_worst_from_entry": -0.238999
    },
    {
      "btc_max_drawdown": -0.204273,
      "btc_return": 0.061834,
      "end": "2026-08-30",
      "horizon_days": 90,
      "start": "2026-06-01",
      "sui_best_from_entry": 0.0,
      "sui_max_drawdown": -0.272057,
      "sui_minus_btc_pp": -22.9804,
      "sui_return": -0.16797,
      "sui_worst_from_entry": -0.272057
    }
  ],
  "output_sha256": "ef93b7c307e3b43844a5c4e792aab5bb7edb1eab3d7a2a56c5775e31091236da",
  "protocol": "Same monthly UTC starts June 2023–June 2026, 30/90/180/365 completed daily-open windows, matched Binance Spot SUIUSDT/BTCUSDT dates, no trading costs. Longer windows have fewer completed starts; overlapping windows are not independent trials. Do not compare group medians as if every horizon had the same start cohort.",
  "question": "Does SUI versus BTC depend on holding period?",
  "version": "retail-horizon-sensitivity-2.0"
}