Hyperliquid Low-Participation Relative-Return Exhaustion Basket

Hypothesis

Test a symmetric long-short reversal mechanism across LINKUSD.HYPERLIQUID, AAVEUSD.HYPERLIQUID and UNIUSD.HYPERLIQUID using synchronized 4-HOUR bars. Buy the trailing relative loser and short the relative winner only when both moves occurred on declining turnover. The premise is that weak participation permits temporary relative-price drift that subsequently reverses. This is a research prediction, not an established edge. Execute market orders at the signal bar's close; no next-open execution requirement is imposed. Use platform-matched intrabar protective stops. Historical eligibility starts only when all three instruments have sufficient actual observations; never backfill pre-listing periods or substitute instruments.