BTC-1 trades bitcoin futures, long and short. The program is systematic, self-supervised and memory-based, and its returns are published daily.
LiveDay 42 of the record, last valued 12 Nov 2026 · version 1.0
The Account as traded; the derived 1× series, its daily returns divided by three, the maximum multiple; and bitcoin bought and held.
The Benchmark is compared with the one-times series, as a comparison across different levels of leverage would not be meaningful.
| Instrument | BTCUSDT perpetual futures, USDT-margined; long and short |
| Exposure | Up to three times equity; long and short positions may be held at the same time |
| Capital | Proprietary; base currency USDT |
| Valuation | Daily at 23:59:59 UTC, open positions marked to market |
| Risk Limits | Levels that call for review (below) |
| Since inception, as traded (up to 3×) | −0.9% |
| Since inception, derived 1× | +0.3% |
| Benchmark, since inception | −15.8% |
| Correlation with bitcoin, November 2026, to date | −0.73 |
| Return, November 2026, to date | +4.1% |
| Best month | +4.1% |
| Worst month | −4.9% |
| Best day | +11.5% |
| Months published | 1 |
| Maximum drawdown, as traded (up to 3×) | −21.1% |
| Maximum drawdown, derived 1× | −7.5% |
| Maximum drawdown, bitcoin | −17.4% |
| Days underwater | 39 |
| Trailing 30-day return | +12.4% |
| Trailing 65-day return | −0.9% |
| Annualized volatility, as traded | 70.9% |
| Worst day | −10.2% |
| Sharpe ratio | Reported after 12 months |
| Year | Series | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | Account | −4.9% | +4.1% | −0.9% | ||||||||||
| Derived 1× | −1.3% | +1.6% | +0.3% | |||||||||||
| Bitcoin | −8.6% | −7.9% | −15.8% | |||||||||||
| Report |
Each Monthly Report is published on the third day of the following month, irrespective of performance, and no month is omitted.
Each year’s figure compounds its months: the first from Record Inception, the current one to date.
| Date (UTC) | Account | Derived 1× | Bitcoin | Transfers |
|---|---|---|---|---|
| 12 Nov 2026 | +7.78% | +2.59% | −3.45% | — |
| 11 Nov 2026 | −0.64% | −0.21% | +0.30% | — |
| 10 Nov 2026 | +5.45% | +1.82% | −2.09% | — |
| 9 Nov 2026 | −1.75% | −0.58% | +0.69% | — |
| 8 Nov 2026 | +3.70% | +1.23% | −1.34% | — |
| 7 Nov 2026 | −0.06% | −0.02% | +0.03% | — |
| 6 Nov 2026 | +0.83% | +0.28% | −0.32% | — |
| 5 Nov 2026 | −0.59% | −0.20% | −5.49% | — |
| 4 Nov 2026 | −10.17% | −3.39% | +3.94% | — |
| 3 Nov 2026 | −2.15% | −0.72% | +0.83% | — |
| 2 Nov 2026 | +5.61% | +1.87% | −1.96% | — |
| 1 Nov 2026 | −2.69% | −0.90% | +1.00% | — |
| 31 Oct 2026 | −0.67% | −0.22% | +0.28% | — |
| 30 Oct 2026 | +3.59% | +1.20% | −0.80% | — |
| 29 Oct 2026 | +11.50% | +3.83% | −4.12% | — |
| 28 Oct 2026 | −1.43% | −0.48% | +0.54% | — |
| 27 Oct 2026 | −2.41% | −0.80% | +0.95% | — |
| 26 Oct 2026 | +0.05% | +0.02% | −0.00% | — |
| 25 Oct 2026 | +2.54% | +0.85% | −0.91% | — |
| 24 Oct 2026 | −0.19% | −0.06% | −0.37% | — |
| 23 Oct 2026 | +0.42% | +0.14% | −0.28% | — |
| 22 Oct 2026 | −4.55% | −1.52% | −3.18% | −84.6% |
| 21 Oct 2026 | −2.36% | −0.79% | +1.28% | — |
| 20 Oct 2026 | −0.93% | −0.31% | +1.33% | — |
| 19 Oct 2026 | +0.05% | +0.02% | −0.22% | — |
| 18 Oct 2026 | −0.15% | −0.05% | +0.77% | — |
| 17 Oct 2026 | +0.03% | +0.01% | −0.15% | — |
| 16 Oct 2026 | −0.03% | −0.01% | −0.77% | — |
| 15 Oct 2026 | +1.33% | +0.44% | +0.69% | — |
| 14 Oct 2026 | +1.72% | +0.57% | −1.79% | — |
The latest 30 days, newest first. Every day since Record Inception is in the published file: download CSV · view on GitHub.
| Metric | Now | Distance to review | Reviewalert | Risk reductionhalf-size entries | Program reviewre-validation |
|---|---|---|---|---|---|
| Account drawdown | −5.8% | 24.2 points | −30%−11% at 1× | −37%−14% at 1× | −46%−17% at 1× |
| Trailing 30-day return | +12.4% | 33.4 points | −21%−7% at 1× | −25%−9% at 1× | −31%−11% at 1× |
| Trailing 65-day return | −0.9% | 19.1 points | −20%−7% at 1× | −27%−10% at 1× | −34%−12% at 1× |
| Days underwater | 39 | 148 days | 187169 at 1× | 199189 at 1× | 249236 at 1× |
The thresholds apply to the Account as traded, at up to three times notional exposure. The smaller figure under each is the level for the derived 1× series, for reference.
Under Risk above, the maximum drawdown is shown beside those of the derived 1× series and of bitcoin over the same days.
No threshold suspends trading. Reaching one triggers a review promptly, and in any case within two business days; the outcomes are set out in the Risk Limits.
Figures are produced from exchange data by a public workflow and are not entered by hand (how they are checked).
Every published figure of the Account is a return or a ratio relative to net asset value; currency amounts, positions, fills and trade statistics are not published.
Every figure of the Account is from live trading, out of sample: the model was developed on data ending before the live period, and no backtested or simulated result is shown.
Returns are net of all trading costs, and no management or performance fees are charged.
Drawdowns are measured at daily valuation points and are therefore a lower bound.
Past performance is not indicative of future results.
Record commit 0b04f42 · the repository
Under a non-disclosure agreement, institutional allocators can go beyond the published track record to review the investment thesis behind it and supporting performance data.