Bitcoin: P&L Index - Trading Position

This view turns the P&L Index into a simple position signal: fully allocated to Bitcoin, or fully out.

It exists to make the index legible as a rule rather than a reading. Rather than judging whether a value is "high", it shows what a mechanical rule based on the index would have held at each point in time.

Treat it as a reference frame, not a recommendation. Its value is in showing how often and how long the underlying signal would have kept a position, not in the returns themselves.

API — /v2/community/bitcoin-pnl-index returns the position fields alongside the index.