BTC Flow Analysis — April 13, 2024 BEAR
Saturday · Minute-level BTC order flow from Binance · 3,341,340 trades
Summary
April 13, 2024: Bitcoin fell 4.8%. The 4,952 BTC of net selling flow at $63,925 told a clear story — sellers were in charge.
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
Sustained large-player selling throughout the day. 27 bars with trade sizes 3σ+ above normal (peak: 8.7σ), spread across 00:13–23:23 UTC. The 109 BTC of whale flow reinforced the day's selling bias.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
From $60,661 to $67,929 — a 10.8% range that forced both bulls and bears to respect the volatility.
A clean, flow-driven day. The 0.81 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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
Breaking it down by session: Asia +0.49%, Europe +0.16%, US -5.37%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.49% | -1435 BTC | 29% |
| Europe | 08:00 - 14:00 | 0.16% | -548 BTC | 11% |
| US | 14:00 - 00:00 | -5.37% | -2969 BTC | 60% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bear regime (day 1), with the chop regime barely in the rearview mirror.
With -4,952 BTC of net flow (-1.9σ), selling pressure ran above the bear-regime baseline of -1,189 BTC.
Related Days
Days with similar flow patterns and market conditions.
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