Resolve BACK if, by 2026-08-01 20:00 UTC, the named market data source shows Btc outperforming eth on percent return over the review window; otherwise resolve FADE.
FADE — other outcome: The published FADE condition is met.
Positions close: Jul 31, 2026, 8:00 PM UTC
No verified current price reference is attached. Do not treat this illustration or headline as live data.
Editorial illustration
Legacy terms: no immutable publication-time snapshot is attached. If stored wording, structured terms or measurement windows conflict, this market requires manual review; a later display change does not rewrite the agreement.
Research quality and completeness vary. Missing evidence is explicitly marked below.
▲ Back case
Incomplete research: a developed BACK case and supporting evidence have not been published. Automated review scores are not independent investment research.
▼ Fade case
Incomplete research: a developed FADE case and supporting evidence have not been published. Automated review scores are not independent investment research.
▼ FADE settlement condition
BTC does not post a higher percent return than ETH over the same window.
⊕ What would void
Void if either BTC or ETH is missing a usable public reference at settlement.
Resolution path
Published
Jul 27, 2026, 1:35 PM UTC
Research verification
No independent research review is recorded.
Scheduled opening
Jul 27, 2026, 1:35 PM UTC
Pools close
Jul 31, 2026, 8:00 PM UTC
Resolution
Aug 1, 2026, 8:08 PM UTC
Stored historical terms & technical evidence
Stored historical wording
Use https://finance.yahoo.com/quote/BTC-USD/history/ as the source of truth. Read the daily close or reference spot price through 2026-08-01 20:00 UTC. Settlement closes at 2026-07-31 20:00 UTC and resolves at 2026-08-01 20:00 UTC. Resolve BACK when BTC posts a higher percent return than ETH between the market-open reference and the resolve reference. Resolve FADE when BTC does not post a higher percent return than…
Stored structured settlement terms
Legacy record: structured terms as stored. No immutable publication-time snapshot is attached; these records alone do not establish the exact terms served.
BACK condition
BTC posts a higher percent return than ETH between the market-open reference and the resolve reference.
FADE condition
BTC does not post a higher percent return than ETH over the same window.
VOID condition
Void if either BTC or ETH is missing a usable public reference at settlement.
Source field / metric
daily close or reference spot price / percent return over the review window
Direction / threshold
outperform / Not specified
Stored window
through 2026-07-31 20:00 UTC · opens 2026-07-27T13:35:37.907Z · closes 2026-07-31T20:00:00.000Z · administrative resolve 2026-08-01T20:00:00.000Z
structured_scanner
relative_performance_v1
Recorded outcome evidence
BACK · recorded 2026-08-01T20:08:41.348Z · Resolution d263baa7-1ebb-46d5-bd6e-529a5d5d85ab
Resolver rationale and source record
Operator note: resolved BACK despite zero positions because this thesis remains part of the public record and should settle transparently against its published rule. Source checked: https://finance.yahoo.com/quote/BTC-USD/history/. No payouts were required.
Snapshot captured 2026-08-01T20:08:41.252Z. Historical return probe evaluates BACK: BTC -3.98% vs ETH -6.25%.
primary: Yahoo Finance BTC-USD and ETH-USD closes · used · check time unrecorded Opening reference 65030.53 at 2026-07-27T13:04:51.000Z; settlement reference 62440.75 at 2026-08-01.
fallback: ETH comparison source · supporting · check time unrecorded Comparison opening reference 1956.71 at 2026-07-27T13:04:57.000Z; settlement reference 1834.3399658203125 at 2026-08-01.
Settlement mode: deterministic.
Primary source: Yahoo Finance BTC-USD and ETH-USD closes (https://finance.yahoo.com/quote/BTC-USD/history/).
Comparison source: ETH comparison source (https://finance.yahoo.com/quote/ETH-USD/history/).
BTC opening reference: 65030.53 at 2026-07-27T13:04:51.000Z.
ETH opening reference: 1956.71 at 2026-07-27T13:04:57.000Z.
BTC settlement reference: 62440.75 at 2026-08-01 (-3.98% return).
ETH settlement reference: 1834.3399658203125 at 2026-08-01 (-6.25% return).
BTC outperformed ETH over the review window, so this thesis evaluates BACK.
