Deterministic, rule-based strategies run on paper against Liquid State's own live reads — every signal published with its exact reason, every drawdown on the record. No black boxes, no deleted losers, no discretion. Paper, not live money. Information, not advice.
Holds BTC only while the Market Barometer reads risk-on. The simplest honest expression of "trade with the regime, stand aside against it."
Contrarian long when perp funding shows crowded shorts, regime-filtered so it never knife-catches a confirmed risk-off tape. Long-or-flat.
A slow cycle overlay: full size in historical value zones (Mayer Multiple), half size mid-cycle, flat in stretch zones. Moves rarely, by design.
Simulated fills at snapshot price with modeled fee + slippage · records are append-only · descriptive record of the systems' own rules, never a recommendation