{
  "title": "Passive Absorption Walls in Range (BTC) — October 11, 2026",
  "waterfall_summary": "During the Asia session, **Binance Futures** recorded 227 instances of [Passive Absorption](https://thru.capital/ontology#passive-absorption) with a confidence metric of 180.0 as prices held near $82,930.40. The market transitioned through balanced initial states before a London Fix upside extension to $83,930.40, backed by 34 [Failed Expansion](https://thru.capital/ontology#failed-expansion) prints on **Bybit Linear**. Macroeconomic volatility remained anchored by a CME Bitcoin volatility reading of 45.2 across the reporting window.\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "radar_summary": "Liquidations clustered during the mid-session transition, yielding 11 [Liquidation Cascade](https://thru.capital/ontology#liquidation-cascade) events on **Deribit** with a confidence score of 7.7. Order flow asymmetry registered neutral-bullish signal strengths averaging 55% to 65% during upside rotation milestones. Historical analogs from 2026-08-17 and 2026-09-13 confirm low-velocity [compression](https://thru.capital/ontology#compression-coiling) profiles across parallel state-space nodes.\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "cvd_summary": "Orderbook telemetry on **Binance Futures** registered 25 [Momentum Exhaustion](https://thru.capital/ontology#momentum-exhaustion) footprints during the 18:05 UTC regime shift, absorbing aggressive buying at $83,809.60. Passive resting liquidity walls neutralized selling pressure, preventing deeper retracements below the daily $83,015.70 London open handle.\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)\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))",
  "date": "2026-10-11",
  "historical_clusters": [
    {
      "distance_score": 0,
      "timestamp_ns": 1791763118838856200,
      "date_str": "2026-10-11",
      "url": "https://thru.capital/microstructure/btc/2026-10-11",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.26860527,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.004063129425048828,
      "timestamp_ns": 1786963943422339600,
      "date_str": "2026-08-17",
      "url": "https://thru.capital/microstructure/btc/2026-08-17",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.25850445,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.005167722702026367,
      "timestamp_ns": 1789316407218509300,
      "date_str": "2026-09-13",
      "url": "https://thru.capital/microstructure/btc/2026-09-13",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.26300689,
      "oi_velocity": 0
    }
  ]
}