BTC Flow Analysis — April 18, 2024 BEAR
Thursday · Minute-level BTC order flow from Binance · 2,142,511 trades
Summary
Bitcoin climbed +3.6% on Thursday, April 18, 2024, closing at $63,470 as sellers controlled aggregate flow with 1,861 BTC of net pressure.
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
Flow said sell, price said buy. The -0.52 correlation between cumulative flow and return tells the story: someone was absorbing the selling quietly while price rose +3.58%.
Sustained large-player selling throughout the day. 18 bars with trade sizes 3σ+ above normal (peak: 8.0σ), spread across 00:12–19:11 UTC. The 109 BTC of whale flow reinforced the day's selling bias.
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
Session returns: Asia -0.16%, Europe +2.67%, US +1.05%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.16% | -674 BTC | 25% |
| Europe | 08:00 - 14:00 | 2.67% | 436 BTC | 16% |
| US | 14:00 - 00:00 | 1.05% | -1623 BTC | 59% |
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 10 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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