{
  "title": "Passive Absorption Walls in Expansion (BTC) — October 13, 2026",
  "waterfall_summary": "Market structure transitioned dynamically from an initial downside imbalance during the Asia session to repeated structural [absorption](https://thru.capital/ontology#absorption-the-wall) phases across multiple venues. Order flow telemetry recorded 180,339 dominant structural blocks residing in sustained equilibrium, while aggressive [expansion](https://thru.capital/ontology#expansion-discovery) attempts on **Binance Futures** faced immediate [exhaustion](https://thru.capital/ontology#exhaustion-the-fade).",
  "radar_summary": "Leverage profiles remained heavily compressed at baseline tiers as the system registered 38 [liquidation cascades](https://thru.capital/ontology#liquidation-cascade) on **Bybit Linear** totaling 26.6 confidence units. Funding trajectories stabilized amid neutral-to-bullish order flow asymmetries, neutralizing immediate long and short squeeze risks.\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "cvd_summary": "Aggressive selling pressure was consistently absorbed by passive liquidity walls across **Deribit** orderbooks, preventing sustained directional continuation. \n\n| Venue/Instrument | Event Type | Time (UTC) | Confidence | Key Metric |\n| :--- | :--- | :--- | :--- | :--- |\n| **Binance Futures** / BTC-PERP | [Passive Absorption](https://thru.capital/ontology#passive-absorption) | 2026-10-13T08:45:26Z | 257.2 | 327 Events |\n| **Bybit Linear** / BTC-PERP | [Liquidation Cascade](https://thru.capital/ontology#liquidation-cascade) | 2026-10-13T14:16:15Z | 26.6 | 38 Cascades |\n| **Deribit** / BTC-PERP | [Failed Expansion](https://thru.capital/ontology#failed-expansion) | 2026-10-13T10:20:04Z | 23.4 | 34 Failures |\n\nPassive limit resting size successfully decelerated downward price velocity during the **US_CASH_OPEN** milestone.\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))\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "date": "2026-10-13",
  "historical_clusters": [
    {
      "distance_score": 0,
      "timestamp_ns": 1791935920742333700,
      "date_str": "2026-10-13",
      "url": "https://thru.capital/microstructure/btc/2026-10-13",
      "regime": 3,
      "leverage_tier": 0,
      "efficiency_ratio": 0.07831732,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.006344318389892578,
      "timestamp_ns": 1790853008926856000,
      "date_str": "2026-10-01",
      "url": "https://thru.capital/microstructure/btc/2026-10-01",
      "regime": 3,
      "leverage_tier": 0,
      "efficiency_ratio": 0.07252199,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.010762691497802734,
      "timestamp_ns": 1789447206824624000,
      "date_str": "2026-09-15",
      "url": "https://thru.capital/microstructure/btc/2026-09-15",
      "regime": 3,
      "leverage_tier": 0,
      "efficiency_ratio": 0.06302349,
      "oi_velocity": 0
    }
  ]
}