Resolve BACK if, by 2026-06-27 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: Jun 26, 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
Jun 25, 2026, 1:07 PM UTC
Research verification
No independent research review is recorded.
Scheduled opening
Jun 25, 2026, 1:07 PM UTC
Pools close
Jun 26, 2026, 8:00 PM UTC
Resolution
Jun 27, 2026, 8:10 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 2026-06-27 20:00 UTC. Settlement closes at 2026-06-26 20:00 UTC and resolves at 2026-06-27 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 2026-06-26 20:00 UTC · opens 2026-06-25T13:07:36.141Z · closes 2026-06-26T20:00:00.000Z · administrative resolve 2026-06-27T20:00:00.000Z
structured_scanner
relative_performance_v1
Recorded outcome evidence
BACK · recorded 2026-06-27T20:10:24.779Z · Resolution b93e6cc6-3e69-46cf-adbc-998c31ffe1a7
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 2026-06-27T20:10:24.692Z. Historical return probe evaluates BACK: BTC -6.06% vs ETH -8.37%.
primary: Yahoo Finance BTC-USD and ETH-USD closes · used · check time unrecorded Opening reference 64037.96 at 2026-06-21T13:04:58.000Z; settlement reference 60158.46875 at 2026-06-27.
fallback: ETH comparison source · supporting · check time unrecorded Comparison opening reference 1722.3 at 2026-06-21T13:04:57.000Z; settlement reference 1578.0899658203125 at 2026-06-27.
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: 64037.96 at 2026-06-21T13:04:58.000Z.
ETH opening reference: 1722.3 at 2026-06-21T13:04:57.000Z.
BTC settlement reference: 60158.46875 at 2026-06-27 (-6.06% return).
ETH settlement reference: 1578.0899658203125 at 2026-06-27 (-8.37% return).
BTC outperformed ETH over the review window, so this thesis evaluates BACK.
