What if Loss of Russian transit via Ukraine tightens European TTF?
Permanent cessation of the last Russian pipeline gas transiting Ukraine removes residual volumes from Central Europe, forcing more LNG imports and structurally lifting the TTF curve.
how we built this number — every step
The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.
What it would mean
If this plays out, it is a risk-off shock. Permanent cessation of the last Russian pipeline gas transiting Ukraine removes residual volumes from Central Europe, forcing more LNG imports and structurally lifting the TTF curve. The trigger decomposes into signed root‑shocks — European energy ▲ · Geopolitical risk ▲ · Inflation surprise ▲ · Risk appetite ▼ — which propagate through our causal graph to the markets below.
If it happens — the markets it would move
Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.
| Market | Class | Projected move | |
|---|---|---|---|
| 1 | Volatility (VIX) VIXon Hyperliquid 📈 chart | Vol | ▲ +3.9% hist +1.12–+2.56% · other way -10.0% (n=12) |
| 2 | Nasdaq 100 NDXon Hyperliquid 📈 chart | Index | ▼ -1.6% hist -1.07–-0.39% · other way -0.07% (n=12) |
| 3 | Tech sector XLK 📈 chart | Equity | ▼ -1.1% hist -0.75–-0.27% · other way -0.01% (n=12) |
| 4 | S&P 500 SPXon Hyperliquid 📈 chart | Index | ▼ -0.8% hist -1.64–+0.25% · other way +1.28% (n=12) |
| 5 | MicroStrategy MSTRon Hyperliquid 📈 chart | Equity | ▼ -0.7% hist -2.27–+3.86% · other way +21.38% (n=12) |
| 6 | Solana SOLon Hyperliquid 📈 chart | Crypto | ▼ -0.6% hist -2.11–+6.76% · other way -1.19% (n=11) |
| 7 | Semiconductors SMHon Hyperliquid 📈 chart | Equity | ▼ -0.7% hist -0.43–-0.24% · other way -0.53% (n=12) |
| 8 | Hyperliquid (HYPE) HYPEon Hyperliquid | Crypto | ▼ -0.5% model prior · unmeasured |
| 9 | Ether ETHon Hyperliquid 📈 chart | Crypto | ▼ -0.5% hist -1.48–+0.4% · other way +5.94% (n=11) |
| 10 | Nvidia NVDAon Hyperliquid 📈 chart | Equity | ▼ -0.5% hist -3.31–+0.75% · other way -0.58% (n=12) |
| 11 | Bitcoin BTCon Hyperliquid 📈 chart | Crypto | ▼ -0.4% hist -1.02–+0.2% · other way +11.14% (n=11) |
| 12 | High-yield credit HYG 📈 chart | Rate | ▼ -0.4% hist -0.66–+0.03% · other way +1.47% (n=12) |
| 13 | Gold XAUon Hyperliquid 📈 chart | Commodity | ▲ +0.3% hist -0.39–+0.36% · other way +1.14% (n=12) |
| 14 | EUR/USD EURUSDon Hyperliquid 📈 chart | FX | ▼ -0.3% hist -0.69–+0.08% · other way +0.26% (n=12) |
Probable recommendation
Historical precedent — what analogous events actually did
Across 40 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.
| Asset | History says | Abnormal (20d · 5d) | Hit | n | Confidence | vs cascade |
|---|---|---|---|---|---|---|
| COIN COIN | LONG | +10.0% · 5d +3.1% | 71% | 20 | 0.37 | ⚠ differs |
| AMD AMD | SHORT | -2.7% · 5d -1.2% | 71% | 36 | 0.34 | ✓ matches cascade |
| TSM TSM | SHORT | -2.1% · 5d -2.9% | 66% | 35 | 0.25 | ✓ matches cascade |
| JPM JPM | LONG | +2.1% · 5d +0.0% | 66% | 36 | 0.25 | ⚠ differs |
| 10y yield DGS10 | LONG | +14bp · 5d +6bp | 63% | 40 | 0.24 | ✓ matches cascade |
| NVDA NVDA | SHORT | -2.7% · 5d -5.3% | 64% | 35 | 0.23 | ✓ matches cascade |
| SOL SOL | LONG | +6.2% · 5d -4.7% ↺ fades | 66% | 21 | 0.22 | ⚠ differs |
| MRVL MRVL | SHORT | -1.0% · 5d -2.5% | 62% | 35 | 0.19 | ✓ matches cascade |
| US dollar DXY | LONG | +0.6% · 5d +0.4% | 61% | 40 | 0.19 | ✓ matches cascade |
| QCOM QCOM | SHORT | -2.6% · 5d -2.6% | 62% | 35 | 0.18 | ✓ matches cascade |
| EURUSD EURUSD | SHORT | -0.5% · 5d -0.1% | 61% | 35 | 0.17 | ✓ matches cascade |
| 30y yield DGS30 | LONG | +13bp · 5d +5bp | 58% | 40 | 0.16 | ✓ matches cascade |
| NDX NDX | SHORT | -0.2% · 5d -0.8% | 60% | 36 | 0.14 | ✓ matches cascade |
| NOC NOC | LONG | +1.1% · 5d +0.0% | 60% | 36 | 0.14 | ✓ matches cascade |