thesis terminal

{
  "structure": "hedge existing",
  "title": "Hedge 50% of the assumed $2,500 HYPE exposure",
  "legs": [
    {
      "kind": "perp",
      "coin": "HYPE",
      "side": "short",
      "notionalUsd": 1249.15,
      "qty": 13.21,
      "leverage": 2,
      "marginMode": "cross",
      "entry": {
        "type": "market",
        "px": 94.561
      },
      "note": "Offsets 50% of the assumed $2,500 HYPE exposure ($2,500 assumed, not read from a wallet). No stop: it is a hedge, and it is meant to lose when the thing it protects gains."
    }
  ],
  "riskUsd": 624.58,
  "riskKind": "margin_posted",
  "horizon": "weeks",
  "fundingPerDayUsd": 0.37,
  "warnings": [
    "Price is at the top of its 30-day range. Buying here is buying strength - the stop is far from the nearest support.",
    "No wallet is connected, so this ticket is sized against an assumed position rather than one it has read. Assumed: long HYPE since 2026-08-22 (30 days back - nothing in the sentence says when, so this terminal assumes 30 days), at 77.93 (the close of that day's candle), $2,500 of notional (25% of the nominal $10,000 book). No wallet is connected, so this position is this terminal's assumption, not a reading of yours - change the date in simulate to re-price it.",
    "No wallet was supplied, so every dollar figure is scaled to a nominal. Connect a wallet to size this for real. (a clause naming what the wallet holds was cut)"
  ],
  "components": [
    {
      "type": "ticket_header",
      "props": {
        "title": "Hedge 50% of the assumed $2,500 HYPE exposure",
        "structure": "hedge existing",
        "view": "hedge_existing",
        "horizon": "weeks",
        "structureFit": null
      }
    },
    {
      "type": "market_strip",
      "props": {
        "coin": "HYPE",
        "mid": 94.846,
        "atrPct1h": 0.9669,
        "fundingApr": 10.95,
        "ret24hPct": 4.27,
        "ret7dPct": 18.9,
        "rangePos48h": 0.8006,
        "betaToBtc30d": -0.4293
      }
    },
    {
      "type": "leg_row",
      "props": {
        "index": 0,
        "kind": "perp",
        "coin": "HYPE",
        "side": "short",
        "notionalUsd": 1249.15,
        "qty": 13.21,
        "leverage": 2,
        "marginMode": "cross",
        "entryType": "market",
        "entryPx": 94.561,
        "note": "Offsets 50% of the assumed $2,500 HYPE exposure ($2,500 assumed, not read from a wallet). No stop: it is a hedge, and it is meant to lose when the thing it protects gains."
      }
    },
    {
      "type": "risk_box",
      "props": {
        "riskUsd": 624.58,
        "riskKind": "margin_posted",
        "riskLabel": "margin posted",
        "maxLossNote": "$624.58 of margin is posted at 2x. The hedge loses when HYPE rises, which is the point: that loss is paid for by the position you keep. The real cost is funding at $0.37/day plus fees. Assumed: long HYPE since 2026-08-22 (30 days back - nothing in the sentence says when, so this terminal assumes 30 days), at 77.93 (the close of that day's candle), $2,500 of notional (25% of the nominal $10,000 book). No wallet is connected, so this position is this terminal's assumption, not a reading of yours - change the date in simulate to re-price it.",
        "fundingPerDayUsd": 0.37
      }
    },
    {
      "type": "compare_hold",
      "props": {
        "note": "Versus just selling: this keeps the HYPE ($2,500 assumed, not read from a wallet) and neutralises 50% of it: this posts $624.58 of margin (6.25% of a nominal. There is no take-profit: you take it off when the reason for it is gone. (a clause naming what the wallet holds was cut)"
      }
    },
    {
      "type": "warning",
      "props": {
        "key": "near_30d_high",
        "text": "Price is at the top of its 30-day range. Buying here is buying strength - the stop is far from the nearest support.",
        "severity": "info"
      }
    },
    {
      "type": "warning",
      "props": {
        "key": "assumed_position",
        "text": "No wallet is connected, so this ticket is sized against an assumed position rather than one it has read. Assumed: long HYPE since 2026-08-22 (30 days back - nothing in the sentence says when, so this terminal assumes 30 days), at 77.93 (the close of that day's candle), $2,500 of notional (25% of the nominal $10,000 book). No wallet is connected, so this position is this terminal's assumption, not a reading of yours - change the date in simulate to re-price it.",
        "severity": "info"
      }
    },
    {
      "type": "warning",
      "props": {
        "key": "nominal_account_assumed",
        "text": "No wallet was supplied, so every dollar figure is scaled to a nominal. Connect a wallet to size this for real. (a clause naming what the wallet holds was cut)",
        "severity": "info"
      }
    },
    {
      "type": "hl_link",
      "props": {
        "coin": "HYPE",
        "url": "https://app.hyperliquid.xyz/trade/HYPE"
      }
    }
  ],
  "market": {
    "HYPE": {
      "coin": "HYPE",
      "mid": 94.846,
      "markPx": 94.846,
      "fundingApr": 10.950000000000001,
      "oiUsd": 2072453556.0489607,
      "vol24hUsd": 509774716.331959,
      "maxLeverage": 10,
      "szDecimals": 2,
      "atrPct1h": 0.966896124179591,
      "ret24hPct": 4.2722075637642964,
      "ret7dPct": 18.89635461064032,
      "rangePos48h": 0.800640634533252,
      "hi30d": 96.153,
      "lo30d": 72.521,
      "betaToBtc30d": -0.42933548931985877,
      "asOf": 1789999171259,
      "dex": null
    },
    "BTC": {
      "coin": "BTC",
      "mid": 85494,
      "markPx": 85494,
      "fundingApr": 16.5646344,
      "oiUsd": 3838743940.7947197,
      "vol24hUsd": 4018373558.3835516,
      "maxLeverage": 40,
      "szDecimals": 5,
      "atrPct1h": 0.9082575406537045,
      "ret24hPct": 6.091704411490961,
      "ret7dPct": 10.077639151763297,
      "rangePos48h": 0.9861649142224682,
      "hi30d": 85569,
      "lo30d": 74903,
      "betaToBtc30d": 1,
      "asOf": 1789999171259,
      "dex": null
    }
  },
  "reader": {
    "structureConfidence": -1,
    "alternatives": [],
    "trace": {
      "ms": 271,
      "input_tokens": 710,
      "answers": {
        "warn_near_30d_high": {
          "value": 0.87,
          "confidence": 0.87
        },
        "warn_gap_risk_stops": {
          "value": 0.52,
          "confidence": 0.52
        }
      }
    }
  },
  "numbersBy": "code",
  "compare": {
    "holdUsdcNote": "Versus just selling: this keeps the HYPE ($2,500 assumed, not read from a wallet) and neutralises 50% of it: this posts $624.58 of margin (6.25% of a nominal. There is no take-profit: you take it off when the reason for it is gone. (a clause naming what the wallet holds was cut)"
  },
  "assumed": {
    "side": "long",
    "coin": "HYPE",
    "enteredAtMs": 1787407171724,
    "entryPx": 77.933,
    "notionalUsd": 2500,
    "source": "default",
    "entryPxSource": "candle",
    "words": "Assumed: long HYPE since 2026-08-22 (30 days back - nothing in the sentence says when, so this terminal assumes 30 days), at 77.93 (the close of that day's candle), $2,500 of notional (25% of the nominal $10,000 book). No wallet is connected, so this position is this terminal's assumption, not a reading of yours - change the date in simulate to re-price it."
  }
}