{
  "id": "BTC-USDT-decision-900",
  "timestamp": 1789185690012,
  "source": "SYNTHETIC_CONTROL_V1.8_UNCALIBRATED",
  "strategyId": "synthetic-unified-mm",
  "venue": "OKX",
  "symbol": "BTC-USDT",
  "market": {
    "best_bid": 100015.8664497799,
    "best_ask": 100017.06644977992,
    "bid_size": 27.29706182601587,
    "ask_size": 9.155079341253126,
    "mid": 100016.46644977991,
    "spread": 1.2000000000116415,
    "spread_bps": 0.11998024351462,
    "obi": 0.4976931917802606,
    "microprice": 100016.76506569498
  },
  "signals": {
    "ofi": 389.65514347597275,
    "ofi_window_ms": 1000,
    "tfi": {
      "100": -1,
      "1000": 0.6003169272826834,
      "5000": 0.7204330155307381,
      "30000": 0.3291247704251262
    },
    "tfi_notional": {
      "100": -1,
      "1000": 0.600316706105918,
      "5000": 0.720431926554603,
      "30000": 0.32914024585744767
    },
    "momentum": 0.889936709748353,
    "breakout": 1,
    "volatility_bps": 2.1005756803142335,
    "trend_score": 0.889936709748353
  },
  "state": {
    "state": "TREND_POSITION",
    "direction": "LONG",
    "previous": "DIRECTIONAL_MM",
    "previousDirection": "LONG",
    "transitionedAt": 1789185678412,
    "reason": "Synthetic TrendScore 0.703 crossed entry / reversal threshold",
    "thresholds": {
      "directionalEnter": 0.3,
      "directionalExit": 0.1,
      "trendEnter": 0.7,
      "trendExit": 0.2
    }
  },
  "control": {
    "fair_price": 100027.12128233934,
    "reservation_price": 100037.35056184646,
    "target_inventory": 0.23048799178527568,
    "actual_inventory": 0.06,
    "inventory_error": 0.17048799178527568,
    "max_inventory": 0.25,
    "inventory_utilization": 0.24,
    "inventory_adjustment": 10.22927950711654,
    "quote_skew": 10.22927950711654,
    "half_spread": 25.255597216340284,
    "bid_quote": 100012,
    "ask_quote": 100062.70000000001,
    "execution_urgency": "REBALANCE",
    "fair_attribution": [
      {
        "source": "OBI",
        "priceDisplacement": 1.4933254325392293
      },
      {
        "source": "OFI",
        "priceDisplacement": 1.9986794549716658
      },
      {
        "source": "TFI",
        "priceDisplacement": 3.6024946690082076
      },
      {
        "source": "Momentum",
        "priceDisplacement": 3.560333002918947
      }
    ],
    "spread_attribution": [
      {
        "source": "Base / synthetic fee allowance",
        "priceDisplacement": 20.00329328995598
      },
      {
        "source": "Volatility",
        "priceDisplacement": 5.252303926384304
      }
    ]
  },
  "rationale": "Synthetic signals -> continuous inventory target -> inventory penalty -> maker quote constraints. Not a source strategy recommendation."
}