Open
$66,823
Close
$68,124
Return
+1.95%
Net Flow
+1,161 BTC
Volume
74,262 BTC
Buy/Sell Ratio
1.03

Summary

Bitcoin closed at $68,124 on March 08, 2024 after ground out a 1.95% gain. Aggressor-side flow netted +1,161 BTC, favoring buyers.

BTC price and volume for March 08, 2024

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

7 bars of outsized trades (peak 4.9σ) appeared between 05:11–20:17 UTC, with whale flow netting 13 BTC of selling.

The day split in half. Sellers controlled the first 12 hours (-142 BTC), then buyers took over (+1,303 BTC). The reversal changed the character of the day.

Day 3 of unbroken net buying. The market had a directional lean and wasn't letting go.

Cumulative flow vs return for March 08, 2024

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

The US session drove 87% of the day's directional flow, with 1,370 BTC of net buying. The other two sessions were comparatively quiet.

The Europe session posted the largest move. Full breakdown: Asia +0.60%, Europe +0.82%, US +0.52%.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.60% -29 BTC 2%
Europe 08:00 - 14:00 0.82% -180 BTC 11%
US 14:00 - 00:00 0.52% 1370 BTC 87%
Buy vs sell volume for March 08, 2024

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

Regime Context

This day sat within a bull regime. The +1.95% return tracked the regime average of +0.34%.

Patterns: bull whale-activity flow-reversal us-dominated flow-streak

Related Days

Days with similar flow patterns and market conditions.

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Feb 06, 2023BULL
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Jun 25, 2023BULL
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Jun 26, 2023BULL
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