{
  "title": "Passive Absorption Walls in Expansion (BTC) — October 01, 2026",
  "waterfall_summary": "Daily regime distribution recorded 168,518 balanced state blocks alongside 7,892 [compression](https://thru.capital/ontology#compression-coiling) nodes across **Binance Futures**, reflecting persistent institutional consolidation. **Deribit** registered a CME volatility baseline of 45.2. Market remains in low-conviction chop.\n\n## Verified Execution & Macro Proofs\n\n• [45.20 bps (Source Date: 2026-06-24)](https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.html)",
  "radar_summary": "Leverage distribution skewed toward [passive absorption](https://thru.capital/ontology#passive-absorption) on **Bybit Linear** with 382 passive [absorption](https://thru.capital/ontology#absorption-the-wall) events recorded at a confidence rating of 296.0. [Liquidation cascades](https://thru.capital/ontology#liquidation-cascade) totaled 45 instances with a confidence metric of 31.5, neutralizing short-squeeze [expansion](https://thru.capital/ontology#expansion-discovery) vectors.\n\n## Verified Execution & Macro Proofs\n\n• baseline risk-free levels\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "cvd_summary": "Orderbook imbalances were dominated by passive liquidity stacking on **Binance Futures**, where 382 [absorption](https://thru.capital/ontology#absorption-the-wall) blocks arrested aggressive selling velocity. [CVD](https://thru.capital/ontology#cvd) divergence dissipated as prices transitioned to an imbalanced upside [expansion](https://thru.capital/ontology#expansion-discovery).\n\n| Venue/Instrument | Event Type | Time (UTC) | Confidence | Key Metric |\n| :--- | :--- | :--- | :--- | :--- |\n| **Binance Futures** (BTCUSDT) | [Passive Absorption](https://thru.capital/ontology#passive-absorption) | 2026-10-01T17:25:46 | 296.0 | $84,733.20 |\n| **Bybit Linear** (BTCUSDT) | [Liquidation Cascade](https://thru.capital/ontology#liquidation-cascade) | 2026-10-01T17:30:59 | 31.5 | $84,898.30 |\n\n## Verified Execution & Macro Proofs\n\n• 420,000,000 USDT ([220,000,000 USDT on Ethereum](https://etherscan.io/tx/0x6f257356f4d8bc030c6200318b84373e9c9e24065971cf6d9e0865480616f925), [100,000,000 USDT on Ethereum](https://etherscan.io/tx/0x00440492fef809c4e36e7f972d5ce15ab7760d322d53341fa9b3953d2ec96fbf), [100,000,000 USDT on Ethereum](https://etherscan.io/tx/0x0c66d50a3ac9e7e40eda0b5149bdc2271fe51552560364e860a6d4ddf22cfa3d))\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "date": "2026-10-01",
  "historical_clusters": [
    {
      "distance_score": 0,
      "timestamp_ns": 1790899105222392800,
      "date_str": "2026-10-01",
      "url": "https://thru.capital/microstructure/btc/2026-10-01",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.42991405,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.0022864341735839844,
      "timestamp_ns": 1785173705591104800,
      "date_str": "2026-07-27",
      "url": "https://thru.capital/microstructure/btc/2026-07-27",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.41916603,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.0044574737548828125,
      "timestamp_ns": 1790241308969971000,
      "date_str": "2026-09-24",
      "url": "https://thru.capital/microstructure/btc/2026-09-24",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.41857201,
      "oi_velocity": 0
    }
  ]
}