{
  "title": "Passive Absorption Walls in Expansion (BTC) — October 24, 2026",
  "waterfall_summary": "During the **[Binance Futures]** session, the market registered 381 [passive absorption](https://thru.capital/ontology#passive-absorption) blocks with a confidence score of 296.6, overriding 49 [failed expansion](https://thru.capital/ontology#failed-expansion) sequences. Structural regime distribution heavily concentrated in state block 3 with 193,087 occurrences, reflecting dominant [compression](https://thru.capital/ontology#compression-coiling) punctuated by downside [expansion](https://thru.capital/ontology#expansion-discovery) below value.\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)*",
  "radar_summary": "Liquidations clustered during the **[Bybit Linear]** cash open cascade, recording 31 total liquidation events with 21.7 confidence before transitioning into [exhaustion](https://thru.capital/ontology#exhaustion-the-fade) phases at 80,558.60 USD on **[Deribit]**. Funding trajectories and order flow asymmetries stabilized into neutral ranges following the London fix session.\n\n## Verified Execution & Macro Proofs\n\n• baseline risk-free levels\n• the 10-year Treasury yield",
  "cvd_summary": "| Venue/Instrument | Event Type | Time (UTC) | Confidence | Key Metric |\n| :--- | :--- | :--- | :--- | :--- |\n| **[Binance Futures]** BTC-PERP | [Passive Absorption](https://thru.capital/ontology#passive-absorption) | 2026-10-24T03:56:11 | 296.6 | 381 Events |\n| **[Bybit Linear]** BTC-PERP | [Liquidation Cascade](https://thru.capital/ontology#liquidation-cascade) | 2026-10-24T14:15:32 | 21.7 | 31 Events |\n\nPassive limit walls on **[Binance Futures]** absorbed aggressive selling during the Asian session initial balance, preventing deeper structural breakdown below the value area low. Orderbook imbalances maintained a net-neutral asymmetry of 50% during the daily wrap as resting liquidity mitigated aggressive [CVD](https://thru.capital/ontology#cvd) divergences.\n\n## Verified Execution & Macro Proofs\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "date": "2026-10-24",
  "historical_clusters": [
    {
      "distance_score": 0,
      "timestamp_ns": 1792886336854540300,
      "date_str": "2026-10-24",
      "url": "https://thru.capital/microstructure/btc/2026-10-24",
      "regime": 3,
      "leverage_tier": 0,
      "efficiency_ratio": 0.00102835,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.0009059906005859375,
      "timestamp_ns": 1792357509440166000,
      "date_str": "2026-10-18",
      "url": "https://thru.capital/microstructure/btc/2026-10-18",
      "regime": 3,
      "leverage_tier": 0,
      "efficiency_ratio": 0.00785494,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.0022287368774414062,
      "timestamp_ns": 1786950906489841700,
      "date_str": "2026-08-17",
      "url": "https://thru.capital/microstructure/btc/2026-08-17",
      "regime": 3,
      "leverage_tier": 0,
      "efficiency_ratio": 0.00583347,
      "oi_velocity": 0
    }
  ]
}