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	param	t-stat
$ω$	1.3077	5.59
$α$	0.1524	4.09
$β$	0.8047	18.60
$γ_{1}$	-1.7762	-2.11

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Septerna Inc Spline ILLIQ Liquidity Analysis

Liquidity Prediction for Monday, February 23rd, 2026:3,890.64 (-570.25)

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News Impact Curve

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