PatternKilled

"Asian session unwind": fade the overnight HYPE drift at the Asian-session open

−1.79 bps

net return, statistically indistinguishable from random

bps = basis points = a hundredth of a percent (100 bps = 1%).

In plain English

There’s no reliable reversal at the Asian market open; the result was indistinguishable from random noise.

What was claimed

The overnight drift reverses when Asian trading opens, so bet against it at the open.

The bar it had to clear

a real, repeatable signal

What the data said

as close to pure noise as it gets

Why it's dead

The Asian-session open shows no systematic reversal of overnight drift in HYPE. The p-value is near 1.0, this is as close to pure noise as results get.

The detail

n=33 sessions. Mean net return: −1.79 bps. p=0.991, far above any significance threshold. The overnight drift showed no consistent direction, and the "unwind" at open is not distinguishable from random price action.

Kill date: 2026-03-12
Sample: n=33
Method: Documented kill
Verdict: no signal (p=0.991)

What it would have done to your money

You put in$10,000

You run it for33 trades

You would have

$9,941

−$59

lost (1%)

You started with$10,000

This strategy left you$9,941

Instead of not trading$10,000

Locked to this strategy's real measured result of -0.0179% per trade, compounded. You choose the amount and the time. We don't choose the return, the strategy already did.