{
  "request_id": "21a34249-d8ba-4021-9f2e-cb346d7a35d9",
  "timestamp": "2026-01-05T15:44:13.265297+00:00",
  "status": "REJECTED",
  "strategy_id": "assassin-swarm-exp1",
  "asset_class": "crypto",
  "symbol": "BTCUSDT",
  "side": "short",
  "notional": 2.5,
  "quantity": 0,
  "price": 0,
  "fees": 0,
  "reason": "REJECTED: max_daily_loss_usd configured but pnl_summary unavailable",
  "thesis": {
    "intent_id": "21a34249-d8ba-4021-9f2e-cb346d7a35d9",
    "thesis_id": "0130f2d4-eee9-4271-92d1-a0dc37dd7707",
    "created_at": "2026-01-05T15:44:11.353696+00:00",
    "strategy_id": "assassin-swarm-exp1",
    "agent_name": "planner-core",
    "run_id": null,
    "asset_class": "crypto",
    "symbol": "BTCUSDT",
    "side": "short",
    "notional": 2.5,
    "confidence": 0.9,
    "expected_horizon": null,
    "summary": "Assassin SELL BTCUSDT: r5=0.3119% r15=0.5055% r1=-0.0549% (strength=0.78)",
    "reasoning_ref": "Derived from decision d0a3b505-80ab-4ce2-9bc2-fe66d4d3b1fd",
    "features": {
      "alpha_features": {
        "side": "short",
        "side_mult": -1,
        "r5_bps": 31.193541464132082,
        "r15_bps": 50.5514700961189,
        "r60_bps": null,
        "r5_dir_bps": -31.193541464132082,
        "r15_dir_bps": -50.5514700961189,
        "r60_dir_bps": null,
        "r5_abs_bps": 31.193541464132082,
        "r15_abs_bps": 50.5514700961189,
        "r60_abs_bps": 0,
        "strength": 0.779838536603302,
        "vol_1m": 0.0009130028660955563,
        "vol_1m_bps": 9.130028660955563,
        "vol_ratio": 0.22825071652388906,
        "spread_bps_full": 0.0010660068789169488,
        "spread_bps_half": 0.0005330034394584744,
        "slippage_bps": 3,
        "fee_bps": 10,
        "safety_margin_bps": 2,
        "tick_age_s": 2.83175,
        "hour_utc": 15,
        "dow_utc": 0,
        "is_weekend": 0
      },
      "alpha_model": {
        "model_type": "heuristic_v0",
        "model_version": "heuristic_v0",
        "horizon": "15m",
        "expected_edge_bps": 35.70380506025139
      },
      "position_sizing": {
        "mode": "vol_target",
        "target_risk_usd": 2.5,
        "vol_1h": 0.007072089790855459,
        "k": 8,
        "min_notional_usd": 2.5,
        "max_notional_usd": 2.5,
        "fallback_notional_usd": 2.5,
        "raw_notional_usd": 44.187787378502605,
        "clamped_notional_usd": 2.5,
        "approx_risk_per_usd_notional": 0.056576718326843675,
        "approx_realized_risk_usd": 0.1414417958171092,
        "used_fallback": false,
        "paper_capital_usd": 1000,
        "risk_bps_per_trade": 25,
        "risk_profile": {
          "profile_id": "btc_paper_exp1",
          "capital_usd": 1000,
          "risk_per_trade_bps": 25,
          "max_daily_loss_bps": 50,
          "max_daily_gross_bps": 250,
          "target_annual_return_bps": 500
        }
      },
      "decision": {
        "decision_id": "d0a3b505-80ab-4ce2-9bc2-fe66d4d3b1fd",
        "aggregated_direction": "sell",
        "expected_edge": 0.07798385366033021,
        "expected_risk": 0.5,
        "source": "assassin"
      },
      "technical_opinion": {
        "council_name": "technical",
        "direction": "sell",
        "strength": 0.779838536603302,
        "features": {
          "r1": -0.0005490499923009228,
          "r5": 0.0031193541464132083,
          "r15": 0.00505514700961189,
          "r60": null,
          "r5_thr": 0.002,
          "r1_min": 0.0001,
          "r15_min": 0,
          "r60_min": -0.001,
          "candle_range_pct": 0.0008996751409871316,
          "vol_1m": 0.0009130028660955563,
          "vol_window": 20,
          "vol_max": 0.004,
          "vol_ratio": 0.22825071652388906,
          "spread_bps": 0.0010660068789169488,
          "tick": {
            "bid": 93808.02,
            "ask": 93808.03,
            "source": "coinbase-exchange-bbo-mid+kraken-bbo-mid-check",
            "timestamp": "2026-01-05T15:44:08.521643Z"
          }
        },
        "ttl": 60,
        "timestamp": "2026-01-05T15:44:10.631560Z"
      },
      "edge_components": {
        "expected_edge_bps": 35.70380506025139,
        "spread_bps": 0.0005330034394584744,
        "slippage_bps": 3,
        "fee_bps": 10,
        "safety_margin_bps": 2,
        "total_cost_bps": 15.000533003439458,
        "net_edge_bps": 20.703272056811933,
        "gate_pass": true,
        "full_spread_bps": 0.0010660068789169488,
        "tick_age_s": 2.832009,
        "cost_assumptions": {
          "slippage_bps": 3,
          "fee_bps": 10,
          "fee_bps_assumed": 10,
          "fee_included_in_expected_edge": false,
          "safety_margin_bps": 2,
          "spread_is_half_bbo": true
        },
        "expected_edge_inputs": {
          "r5_bps": 31.193541464132082,
          "r15_bps": 50.5514700961189,
          "r60_bps": 0,
          "strength": 0.779838536603302
        }
      },
      "tick": {
        "bid": 93808.02,
        "ask": 93808.03,
        "mid": 93808.025,
        "spread_bps": 0.0010660068789169488,
        "source": "coinbase-exchange-bbo-mid+kraken-bbo-mid-check",
        "timestamp": "2026-01-05T15:44:08.521643Z"
      },
      "planner_guardrails": {
        "min_seconds_between_intents": 600,
        "max_intents_per_hour": 6,
        "max_spread_bps": 15,
        "max_tick_age_seconds": 10
      }
    }
  },
  "fills": [],
  "desk_id": "crypto_systematic",
  "desk_name": "Crypto Systematic Desk",
  "risk_context": {
    "cap_key": "BTCUSDT",
    "max_notional_usd": 5,
    "notional_utilization": 0.5,
    "fees_usd": 0,
    "fees_bps": 0,
    "paper_avg_slippage_bps_vs_mid": null,
    "paper_mid_price": null
  }
}