1\begin{tabular}{llrrrrr}2\toprule3Cell & Outcome & Control & Effect & 95\% CI & $d$ & $p$ (Holm) \\4\midrule5Placebo shock & Mean $|P/V-1|$ (\%) & 0.63 & -0.11$^{***}$ & [-0.16, -0.05] & -0.74 & 0.001 \\6 & Time to absorb (ticks) & -- & -- & [--, --] & -- & -- \\7 & Quoted spread (bp) & 20.69 & -1.66 & [-3.53, 0.20] & -0.33 & 0.156 \\8 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\9 & Max drawdown & 0.03 & -0.00 & [-0.01, 0.00] & -0.17 & 0.352 \\10\addlinespace11Trend followers 16\% & Mean $|P/V-1|$ (\%) & 0.63 & 0.86$^{***}$ & [0.61, 1.12] & 1.26 & 0.000 \\12 & Time to absorb (ticks) & 25.27 & 9.20 & [-2.67, 21.07] & 0.29 & 0.124 \\13 & Quoted spread (bp) & 20.69 & 13.94$^{***}$ & [9.09, 18.78] & 1.07 & 0.000 \\14 & Bubble episodes & 0.00 & 0.13$^{*}$ & [0.00, 0.26] & 0.39 & 0.087 \\15 & Max drawdown & 0.03 & 0.03$^{***}$ & [0.02, 0.03] & 1.42 & 0.000 \\16\addlinespace17Leveraged 19\% & Mean $|P/V-1|$ (\%) & 0.63 & 2.11$^{***}$ & [1.43, 2.79] & 1.17 & 0.000 \\18 & Time to absorb (ticks) & 25.27 & 27.53$^{***}$ & [11.27, 43.80] & 0.63 & 0.002 \\19 & Quoted spread (bp) & 20.69 & 15.57$^{***}$ & [8.67, 22.46] & 0.84 & 0.000 \\20 & Bubble episodes & 0.00 & 0.90$^{***}$ & [0.45, 1.35] & 0.74 & 0.001 \\21 & Max drawdown & 0.03 & 0.04$^{***}$ & [0.03, 0.06] & 1.54 & 0.000 \\22\addlinespace23Leveraged 19\% + funding shock & Mean $|P/V-1|$ (\%) & 0.63 & 2.33$^{***}$ & [1.65, 3.01] & 1.29 & 0.000 \\24 & Time to absorb (ticks) & 25.27 & 35.17$^{***}$ & [18.92, 51.41] & 0.81 & 0.000 \\25 & Quoted spread (bp) & 20.69 & 17.31$^{***}$ & [10.47, 24.16] & 0.95 & 0.000 \\26 & Bubble episodes & 0.00 & 1.37$^{***}$ & [0.87, 1.86] & 1.03 & 0.000 \\27 & Max drawdown & 0.03 & 0.06$^{***}$ & [0.05, 0.07] & 1.66 & 0.000 \\28\addlinespace29Market makers withdraw & Mean $|P/V-1|$ (\%) & 0.63 & 0.01 & [-0.05, 0.07] & 0.06 & 0.735 \\30 & Time to absorb (ticks) & 25.27 & 7.90 & [0.01, 15.79] & 0.37 & 0.199 \\31 & Quoted spread (bp) & 20.69 & -1.31 & [-3.33, 0.72] & -0.24 & 0.396 \\32 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\33 & Max drawdown & 0.03 & -0.00 & [-0.01, 0.00] & -0.29 & 0.361 \\34\addlinespace35Signal precision 0.5 & Mean $|P/V-1|$ (\%) & 0.63 & -0.03 & [-0.07, 0.02] & -0.20 & 0.864 \\36 & Time to absorb (ticks) & 25.27 & -0.30 & [-5.98, 5.38] & -0.02 & 1.000 \\37 & Quoted spread (bp) & 20.69 & -0.42 & [-2.32, 1.49] & -0.08 & 1.000 \\38 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\39 & Max drawdown & 0.03 & -0.00 & [-0.01, 0.00] & -0.32 & 0.374 \\40\addlinespace41Signal precision 8 & Mean $|P/V-1|$ (\%) & 0.63 & -0.04 & [-0.11, 0.02] & -0.27 & 0.305 \\42 & Time to absorb (ticks) & 25.27 & 0.93 & [-6.53, 8.39] & 0.05 & 0.800 \\43 & Quoted spread (bp) & 20.69 & -3.02$^{***}$ & [-4.74, -1.29] & -0.65 & 0.005 \\44 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\45 & Max drawdown & 0.03 & -0.01$^{*}$ & [-0.01, -0.00] & -0.44 & 0.067 \\46\addlinespace47Misleading news 50\% & Mean $|P/V-1|$ (\%) & 0.63 & 0.08$^{***}$ & [0.04, 0.12] & 0.74 & 0.001 \\48 & Time to absorb (ticks) & 25.27 & -2.10 & [-5.86, 1.66] & -0.21 & 0.263 \\49 & Quoted spread (bp) & 20.69 & 2.83$^{**}$ & [0.66, 4.99] & 0.49 & 0.025 \\50 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\51 & Max drawdown & 0.03 & 0.00$^{**}$ & [0.00, 0.01] & 0.54 & 0.018 \\52\addlinespace53Circuit breaker 5\% & Mean $|P/V-1|$ (\%) & 0.63 & 0.02 & [-0.00, 0.03] & 0.32 & 0.371 \\54 & Time to absorb (ticks) & 25.27 & -0.13 & [-0.41, 0.14] & -0.18 & 0.651 \\55 & Quoted spread (bp) & 20.69 & -0.09 & [-0.21, 0.03] & -0.28 & 0.420 \\56 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\57 & Max drawdown & 0.03 & 0.00 & [-0.00, 0.00] & 0.02 & 0.927 \\58\addlinespace59Position limit 300 & Mean $|P/V-1|$ (\%) & 0.63 & 1.26$^{***}$ & [0.86, 1.66] & 1.18 & 0.000 \\60 & Time to absorb (ticks) & 25.27 & 28.03$^{***}$ & [11.44, 44.63] & 0.63 & 0.005 \\61 & Quoted spread (bp) & 20.69 & 17.79$^{***}$ & [13.88, 21.70] & 1.70 & 0.000 \\62 & Bubble episodes & 0.00 & 0.63$^{***}$ & [0.24, 1.03] & 0.59 & 0.006 \\63 & Max drawdown & 0.03 & 0.00 & [-0.00, 0.01] & 0.09 & 0.633 \\64\addlinespace65Call auction (5 ticks) & Mean $|P/V-1|$ (\%) & 0.63 & 0.73$^{***}$ & [0.49, 0.97] & 1.12 & 0.000 \\66 & Time to absorb (ticks) & 25.27 & -0.17 & [-8.31, 7.97] & -0.01 & 0.967 \\67 & Quoted spread (bp) & -- & -- & [--, --] & -- & -- \\68 & Bubble episodes & 0.00 & 0.13 & [-0.03, 0.30] & 0.31 & 0.207 \\69 & Max drawdown & 0.03 & 0.02$^{***}$ & [0.02, 0.03] & 1.31 & 0.000 \\70\addlinespace71Mock LLM 25\% & Mean $|P/V-1|$ (\%) & 0.63 & 0.03 & [-0.06, 0.12] & 0.13 & 0.993 \\72 & Time to absorb (ticks) & 25.27 & 2.97 & [-3.12, 9.06] & 0.18 & 0.982 \\73 & Quoted spread (bp) & 20.69 & -4.43$^{***}$ & [-6.44, -2.43] & -0.82 & 0.000 \\74 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\75 & Max drawdown & 0.03 & -0.00 & [-0.00, 0.00] & -0.03 & 0.993 \\76\addlinespace77Mock LLM 50\% & Mean $|P/V-1|$ (\%) & 0.63 & 0.05 & [-0.01, 0.12] & 0.30 & 0.284 \\78 & Time to absorb (ticks) & 25.27 & 3.03 & [-0.56, 6.62] & 0.32 & 0.284 \\79 & Quoted spread (bp) & 20.69 & -7.12$^{***}$ & [-8.79, -5.46] & -1.60 & 0.000 \\80 & Bubble episodes & 0.00 & 0.00 & [0.00, 0.00] & -- & -- \\81 & Max drawdown & 0.03 & -0.00 & [-0.01, 0.00] & -0.10 & 0.595 \\82\addlinespace83\bottomrule84\end{tabular}