Open
$63,797
Close
$63,990
Return
+0.30%
Net Flow
-912 BTC
Volume
26,410 BTC
Buy/Sell Ratio
0.93

Summary

On Saturday, March 23, 2024, Bitcoin ticked up +0.30% to $63,990. Net flow: -912 BTC — sellers had the edge.

BTC price and volume for March 23, 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

Despite persistent sell-side aggression (flow-price correlation -0.40), price rose +0.30%. This divergence typically signals strong passive demand — buyers who don't need to cross the spread.

Large players were on the wrong side — or the patient side. 19 bars of outsized trade sizes (peak 7.3σ) showed net buying, but price moved against them. Either they were accumulating into weakness or got caught.

Cumulative flow vs return for March 23, 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

Across sessions: Asia +1.22%, Europe +0.03%, US -0.94% — with Asia doing the heavy lifting.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 1.22% -281 BTC 31%
Europe 08:00 - 14:00 0.03% -330 BTC 36%
US 14:00 - 00:00 -0.94% -301 BTC 33%
Buy vs sell volume for March 23, 2024

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

Regime Context

The selling streak extended to 3 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.

Patterns: bull whale-activity flow-divergence flow-streak

Related Days

Days with similar flow patterns and market conditions.

Nov 11, 2021BULL
-0.17%
whale-activity flow-divergence flow-reversal regime-end flow-streak
Mar 05, 2022BULL
+0.64%
whale-activity flow-divergence europe-dominated flow-streak
Jan 19, 2023BULL
+1.91%
whale-activity flow-divergence europe-dominated volume-spike flow-streak
Jan 23, 2023BULL
+0.93%
whale-activity flow-divergence volume-spike flow-streak
Feb 11, 2023BULL
+1.10%
whale-activity flow-divergence regime-end flow-streak

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