BTC Flow Analysis — May 02, 2024 BEAR
Thursday · Minute-level BTC order flow from Binance · 1,572,898 trades
Summary
Bitcoin ground out a +1.19% gain on Thursday, May 02, 2024, closing at $59,061 as sellers controlled aggregate flow with 1,102 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
The big players were active all day. 13 bars of outsized trades (4.6σ peak) from 05:34–16:09 UTC, adding 119 BTC of selling pressure on top of the broader selling flow.
Flow reversed midday. The first 12 hours belonged to buyers (+493 BTC), but sellers erased that and then some (-1,595 BTC) in the back half.
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
US traders set the tone. 67% of directional flow — 883 BTC of selling — came from that single session.
Session returns: Asia -1.17%, Europe +1.33%, US +1.04%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.17% | 103 BTC | 8% |
| Europe | 08:00 - 14:00 | 1.33% | -322 BTC | 25% |
| US | 14:00 - 00:00 | 1.04% | -883 BTC | 67% |
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 3), with the chop regime barely in the rearview mirror.
The selling streak extended to 6 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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