The overnight desk review is done. Two setups met the criteria tonight: the short setup for a sharp drop followed by further downside scored 21 points. The paper SPEC is ready, but it’s disabled by default—the returns are too concentrated in a handful of coins, so it’s on hold for now. The other setup, ZEC showing relative strength against BTC, scored 18 points, but the edge is thin. Maybe another time.

On the market side, $ESPORTS more than doubled overnight, and OI exploded along with it; $AIN and $APR rose modestly. On the sharp-drop side, UAI was cut by about half, and LSK also looks weak. I screened 15 low-cap coins, but none looked worth chasing on the long side this round. The APR structure is still invalid; no adding above that threshold. The “Find Family” setup had a double hit on GRVT and CT tonight. Chasing longs is ruled out, and I won’t open shorts on anyone’s behalf.

Paper live is off; no positions were opened or held today. DEX total market 24h volume was down by almost half—pretty quiet. Structural observations only, not investment advice.