Open
$29,211
Close
$29,770
Return
+1.91%
Net Flow
+2,679 BTC
Volume
45,701 BTC
Buy/Sell Ratio
1.12

Summary

Bitcoin ground out a +1.91% gain on Tuesday, August 08, 2023, closing at $29,770 as buyers controlled aggregate flow with 2,679 BTC of net pressure.

BTC price and volume for August 08, 2023

BTC price (blue) and trading volume (cyan bars) per minute. Session shading: Asia (gold 00-08 UTC), Europe (green 08-14), US (red 14-00).

Flow Analysis

The big players were active all day. 27 bars of outsized trades (5.3σ peak) from 00:27–23:56 UTC, adding 567 BTC of buying pressure on top of the broader buying flow.

A clean, flow-driven day. The 0.98 correlation between cumulative flow and price means buying pressure was the dominant force — no hidden passive flow muddying the signal.

Cumulative flow vs return for August 08, 2023

Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.

Session Breakdown

US traders set the tone. 67% of directional flow — 1,787 BTC of buying — came from that single session.

Session returns: Asia -0.08%, Europe +0.60%, US +1.39%. US led the move.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 -0.08% 117 BTC 4%
Europe 08:00 - 14:00 0.60% 775 BTC 29%
US 14:00 - 00:00 1.39% 1787 BTC 67%
Buy vs sell volume for August 08, 2023

Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.

Regime Context

With +2,679 BTC of net flow (+1.8σ), buying pressure ran above the chop-regime baseline of -670 BTC.

Patterns: chop whale-activity us-dominated

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