{
  "title": "Passive Absorption Walls in Expansion (BTC) — October 29, 2026",
  "waterfall_summary": "Market remains in low-conviction chop. The daily session registered 194,680 baseline state blocks alongside 268 [passive absorption](https://thru.capital/ontology#passive-absorption) events on **[Binance Futures]**, indicating deep structural defense at key psychological levels. Macro volatility printed at 45.2 across institutional venues.\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": "Leverage clusters experienced periodic flushing during the 20:54 UTC [liquidation cascade](https://thru.capital/ontology#liquidation-cascade) on **[Bybit Linear]**, wiping out over-extended positions as prices dipped toward $78,907.30. Open interest velocity reset cleanly following the 81 recorded liquidation events, mitigating immediate squeeze risk.\n\n## Verified Execution & Macro Proofs\n\n• baseline risk-free levels\n• the 10-year Treasury yield\n\n*[Extract the raw multi-venue Parquet tick data for this epoch via thrunode_archive](https://thru.capital/allocate)*",
  "cvd_summary": "Orderbook imbalances shifted decisively between aggressive downside expansions and robust defensive resting liquidity on **[Deribit]**. Cumulative volume delta divergences highlighted aggressive selling absorbed by passive bids at the $80,000 threshold before transitioning into range-bound consolidation.\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) | 2026-10-29T09:35:41 | 210.2 | 268 Count |\n| Bybit Linear / BTC-PERP | [Liquidation Cascade](https://thru.capital/ontology#liquidation-cascade) | 2026-10-29T20:54:44 | 56.7 | 81 Count |\n\nAggregated L2 telemetry confirms heavy limit-side participation successfully capping downside velocity during high-frequency volatility spikes.\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": "2026-10-29",
  "historical_clusters": [
    {
      "distance_score": 0,
      "timestamp_ns": 1793318344929992200,
      "date_str": "2026-10-29",
      "url": "https://thru.capital/microstructure/btc/2026-10-29",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.16945728,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.004752159118652344,
      "timestamp_ns": 1793283841326645000,
      "date_str": "2026-10-29",
      "url": "https://thru.capital/microstructure/btc/2026-10-29",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.18460724,
      "oi_velocity": 0
    },
    {
      "distance_score": 0.008738517761230469,
      "timestamp_ns": 1793303044145664300,
      "date_str": "2026-10-29",
      "url": "https://thru.capital/microstructure/btc/2026-10-29",
      "regime": 0,
      "leverage_tier": 0,
      "efficiency_ratio": 0.1810563,
      "oi_velocity": 0
    }
  ]
}