BTC Flow Analysis — March 16, 2024 BULL
Saturday · Minute-level BTC order flow from Binance · 2,729,019 trades
Summary
Bitcoin closed at $65,301 on March 16, 2024 after dropped 6.0% in a sharp selloff. Aggressor-side flow netted -1,447 BTC, favoring sellers.
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. 15 bars of outsized trades (6.1σ peak) from 01:13–23:59 UTC, adding 86 BTC of selling pressure on top of the broader selling flow.
Day 3 of unbroken net selling. The market had a directional lean and wasn't letting go.
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 posted the largest move. Full breakdown: Asia -0.10%, Europe -2.49%, US -3.55%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.10% | 214 BTC | 11% |
| Europe | 08:00 - 14:00 | -2.49% | -688 BTC | 37% |
| US | 14:00 - 00:00 | -3.55% | -972 BTC | 52% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
A statistical outlier: -6.04% return sits at -2.3σ from the bull-regime average of +0.34%. Days like this are rare within this regime.
Related Days
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