BTC Flow Analysis — May 03, 2024 BEAR
Friday · Minute-level BTC order flow from Binance · 1,558,661 trades
Summary
Bitcoin closed at $62,882 on May 03, 2024 after ripped 6.5% to the upside. Aggressor-side flow netted +662 BTC, favoring buyers.
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. 29 bars of outsized trades (8.8σ peak) from 00:24–23:22 UTC, adding 145 BTC of buying pressure on top of the broader buying flow.
The day split in half. Sellers controlled the first 12 hours (-180 BTC), then buyers took over (+843 BTC). The reversal changed the character of the day.
Price followed flow faithfully (correlation: 0.88). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 Europe session posted the largest move. Full breakdown: Asia +0.22%, Europe +4.22%, US +1.93%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.22% | -190 BTC | 18% |
| Europe | 08:00 - 14:00 | 4.22% | 573 BTC | 55% |
| US | 14:00 - 00:00 | 1.93% | 279 BTC | 27% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A +6.47% return against a regime average of -0.27%.
Related Days
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