Hyperliquid Crowding-Break Spread Compression: Four-Alt Panel, Seven-Day Long–Short Holds

Hypothesis

Test whether an unusually large relative-price gap compresses after correlated trading strengthens and the outperformer begins losing relative strength. Use synchronized 4-HOUR bars for LTC, LINK, AVAX and DOT Hyperliquid perpetuals; all four exact bar directories were confirmed locally. Hold one dollar-matched long–short pair at a time. Source inspiration: https://bigquant.com/wiki/doc/50Zn3u05OH — its interaction between asset clustering and relative valuation motivates this experiment. This is a new crypto adaptation, not a reproduction: relative price is not fundamental valuation, and the article's equity findings do not establish crypto profitability. Use only the four instruments' overlapping history, with no synthetic extensions or symbol substitutions.