{
  "hypothesis": "H7 BYBIT-DELISTING DRIFT: after Bybit announces a perpetual-contract delisting, the coin underperforms the market over the next 7 days on Binance, where it keeps trading (forced unwind of Bybit open interest, lost venue, negative signal).",
  "events": "Bybit official API /v5/announcements/index type=delistings, titles matching 'Delisting of <SYM>USDT Perpetual Contract' (one or several symbols); timestamp = dateTimestamp. First announcement per symbol only. Free, official public API.",
  "data": "pit.db Binance USDT-M 4h + funding (survivorship-free); events whose symbol has no Binance perp bar at entry are dropped and counted",
  "entry": "close of the first 4h Binance bar that CLOSES at least 1h after the announcement timestamp (knowable, allows reaction time)",
  "trade": "SHORT the coin, hedged LONG an equal-weight basket of perps with 24h turnover >= $3M at entry (excluding the coin, BTC, stables); hold 7 days; dead coin -> last close",
  "costs": "4 x 0.055% taker + funding on both legs",
  "metric": "mean net hedged return per event; t clustered by ISO week",
  "split": "TRAIN events before 2024-09-01, TEST on/after",
  "confirm_bar": "TEST mean > 0, week-clustered t >= 2.0, TRAIN same sign",
  "fail": "TEST t < 1.5",
  "test_t_min": 2.0,
  "fail_t_below": 1.5,
  "secondary_reported": [
    "1d, 3d and 14d holds",
    "unhedged short",
    "by year",
    "entry delay 1 more bar",
    "liquidity >= $3M at entry only"
  ],
  "no_tuning": "horizon, entry rule, hedge and costs fixed here",
  "registered_utc": "2026-11-05T00:21:55Z"
}