BTC Flow Analysis — May 08, 2024 BEAR
Wednesday · Minute-level BTC order flow from Binance · 1,415,152 trades
Summary
Bitcoin gave back 1.80% on Wednesday, May 08, 2024, closing at $61,193 as sellers controlled aggregate flow with 782 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
A cluster of large trades between 00:13–22:43 UTC — 9 bars with trade sizes spiking to 9.7σ above normal. Net selling of 102 BTC, aligned with the day's direction.
This was day 4 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.93). 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
US traders set the tone. 73% of directional flow — 658 BTC of selling — came from that single session.
Session returns: Asia -0.17%, Europe +0.39%, US -2.01%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.17% | -184 BTC | 20% |
| Europe | 08:00 - 14:00 | 0.39% | 60 BTC | 7% |
| US | 14:00 - 00:00 | -2.01% | -658 BTC | 73% |
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 -1.80% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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