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Correlation in an Asset Is a Condition. In a Strategy, It Is Behaviour.
Bitcoin's correlation to the S&P 500 has been positive every year since the COVID crash. OSIQ 30's own opening-window correlation to bitcoin was 0.48, with July at 0.64 and August at 0.23.
Read the research ↗RESEARCH NOTE · PUBLISHED 11 AUG 2026Collateral-Basis Valuation: What a Wallet Is Actually Worth
In August 2026 our pipeline valued a wallet whose largest holding marked at roughly half a billion dollars. Its real, spendable equity was about $23,000. Collateral-basis valuation is how a margin engine would read the same account: stablecoins at par, collateral-eligible assets at a haircut, everything else at zero. It changes how any onchain track record should be read.
Read the research ↗RESEARCH NOTE · PUBLISHED 7 AUG 2026Onchain Has Two Ways to Tell You a Trader Is Good. Neither One Is Ever Re-Tested.
A strategy we track returned −5.07% over a fortnight and +0.47% on the leaderboard's own formula. Hyperliquid no longer documents that formula, so we recovered it from 41,381 live rows and showed where it breaks: 34.6% of the visible field carries flows too large to read a return off the top line.
Read the research ↗OSIQ INDEX REVIEW · PUBLISHED 3 AUG 2026We’re Not Calling It Alpha
OSIQ 30 returned 11.09% in July against 7.26% for BTC and 18.47% for ETH. The number worth publishing is the path: a 3.26% deepest drawdown, against 22.97% for semiconductors on the same venue and the same daily closes.
Read the research ↗OSIQ INDEX REVIEW · PUBLISHED 27 JUL 2026A 1.69% Drawdown, Then a Near-Recovery
OSIQ 30 recovered to within 0.19% of its 23 July peak. The loss-and-recovery path adds evidence for evaluating Exposure Discipline and Non-Fragility over time.
Read the research ↗RESEARCH NOTE · PUBLISHED 16 JUL 2026Reading the OpenStrategy Institutional Quality Index
Why OSIQ 30 exists, what institutional quality means, what Index inclusion does not establish, and how to interpret the record from its 1 July 2026 inception.
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