{
  "title": "Passive Absorption Walls in Compression (BTC) — October 14, 2026",
  "waterfall_summary": "Market remains in low-conviction chop with dominant balanced regime blocks numbering 182,048 across venues. Price descended from $83,438.90 during the Asia initial balance down to $81,425.50 at the daily wrap on **Binance Futures**, exhibiting intermittent downside [expansion](https://thru.capital/ontology#expansion-discovery) during the US cash open.",
  "radar_summary": "Liquidations concentrated heavily during the London/NY overlap, recording 49 cascading events with a confidence score of 34.3 on **Bybit Linear**. Order flow asymmetry shifted from a bullish 6500% signal strength during early session [expansion](https://thru.capital/ontology#expansion-discovery) to a bearish 65% imbalance during the cash equity open.",
  "cvd_summary": "Aggressive selling met heavy passive support, evidenced by 400 [passive absorption](https://thru.capital/ontology#passive-absorption) instances with a 315.4 confidence score across **Deribit** order books. [Failed expansion](https://thru.capital/ontology#failed-expansion) metrics registered 9 counts at a 5.8 confidence score, denoting sustained supply walls preventing upside continuation.\n\n| Venue/Instrument | Event Type | Time (UTC) | Confidence | Key Metric |\n| :--- | :--- | :--- | :--- | :--- |\n| Binance Futures / BTC-PERP | Passive [Absorption](https://thru.capital/ontology#absorption-the-wall) | 2026-10-14T00:30:53 | 315.4 | 400 Instances |\n| Bybit Linear / BTC-PERP | [Liquidation Cascade](https://thru.capital/ontology#liquidation-cascade) | 2026-10-14T12:30:31 | 34.3 | 49 Events |\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": "2026-10-14",
  "historical_clusters": [
    {
      "distance_score": 0,
      "timestamp_ns": 1792022322674561500,
      "date_str": "2026-10-14",
      "url": "https://thru.capital/microstructure/btc/2026-10-14",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.17771261,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.0023932456970214844,
      "timestamp_ns": 1785977530923378700,
      "date_str": "2026-08-06",
      "url": "https://thru.capital/microstructure/btc/2026-08-06",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.18860853,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.0032601356506347656,
      "timestamp_ns": 1789315080548248800,
      "date_str": "2026-09-13",
      "url": "https://thru.capital/microstructure/btc/2026-09-13",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.17910193,
      "oi_velocity": 0
    }
  ]
}