Setting the LOD defines the day’s entire liquidity map.

It isn’t measured in points (sorry value models).

It’s measured in consequence. (consequence > value)

Every algorithm recalibrates around that moment.

Every VWAP, every mean-reversion engine, every risk model re-anchors to it.

One has defined the boundary the rest of the world will now trade inside.

That’s what structural authorship looks like:

the point whe…