[Weekly Brief] Jan 2026 - W2: Positive Correlation Persists

The "Positive Correlation" anomaly we identified last week is persisting but fading. As the market grinds higher with lower volatility, patience becomes the key edge. Our system remains focused on capturing the structural edge left behind by the crowd's uncertainty.

Performance Summary

• Period: Jan 03, 2026 (Sat) ~ Jan 09, 2026 (Fri)
• Duration: 7 Days
• OKX Return (Left): +4.00%
• Bybit Return (Right): +3.58%
• Total Portfolio Return: +3.94% (vs BTC +1.93%)
• Weekly Alpha (vs BTC spot): +2.01%
• Cumulative Return: +9.77% (vs BTC -1.33%, since Nov 29, 2025)
• Cumulative Alpha: +11.1% (vs BTC spot)

Alpha Analysis

• Profit Contribution: The portfolio's realized gains were almost exclusively driven by Options (~99.9%), with Perpetual Futures playing a negligible role.
• Strategy Robustness: Despite a slight compression in volatility (vol 1M: 41% → 39%), the system successfully captured structural market inefficiencies, outperforming the benchmark by over 2% in a single week.

Market Context: Correlation Update "Normalization in Progress?"

• Spot-Vol Correlation (+0.43): While still in positive territory (unusual for Bitcoin), the correlation has softened from last week’s extreme (+0.81). This suggests the market is slowly transitioning back to a normal regime.

The Process

• System Expansion: We integrated Bybit as a strategic sub-exchange to diversify venue risk. On this venue, we deployed the 'Option Laddering' logic to optimize entry execution and minimize slippage across liquidity layers.

About the Report

1. Philosophy: Gauss Technology does not rely on directional prediction or speculation. We focus strictly on monetizing market inefficiencies and structural volatility.
2. Instruments: BTC spot, perpetual, and options on Major Crypto Exchanges (OKX, Bybit).
3. Data Standards: All performance metrics represent Net Realized PnL, calculated after deducting all transaction fees and slippage. The PnL charts displayed are actual screenshots taken directly from the exchange interfaces. Please note the time basis for daily snapshots varies by exchange: OKX data is recorded at UTC 08:00, and Bybit data at UTC 00:00.
4. Membership Access: This public report displays percentage returns only. Absolute pnl ($) and detailed execution analysis will be available exclusively in the upcoming Partner Tier.
5. Evolution with AI: Decisions are driven by Human-AI collaboration. Therefore, as AI advance, Gauss Technology’s capabilities grow stronger.
6. Disclaimer: This report is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results.