How the structural regime evolved before major stress episodes. Illustrative ex post analysis — not price prediction.
The regime had already shifted to elevated stress before FTX dominated headlines. LSRI highlights deteriorating structure in the run-up; it does not predict exchange failures.
Unlike a single headline shock, 2022 showed gradual deterioration from Vigilance into Stress and Critical as structure weakened through the bear.
Stress appeared in the weeks before the worst of the selloff, consistent with structural deterioration preceding the final leg down.
LSRI research combines structural liquidity metrics and non-linear dynamics to frame regime transitions — published alongside public backtests and audit artefacts.
Use these regime models in your own risk process.
Get a model for my portfolioCase studies are for context and credibility only. Not investment advice. Past regime behaviour does not guarantee future results.