BTC Flow Analysis — May 11, 2024 BEAR
Saturday · Minute-level BTC order flow from Binance · 753,281 trades
Summary
Bitcoin traded flat on Saturday, May 11, 2024, closing at $60,826 as sellers controlled aggregate flow with 928 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. 19 bars of outsized trades (14.8σ peak) from 00:46–22:53 UTC, adding 453 BTC of selling pressure on top of the broader selling flow.
Day 7 of unbroken net selling. The market had a directional lean and wasn't letting go.
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
Europe traders set the tone. 66% of directional flow — 611 BTC of selling — came from that single session.
No single session dominated price action: Asia +0.36%, Europe -0.08%, US -0.24%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.36% | -250 BTC | 27% |
| Europe | 08:00 - 14:00 | -0.08% | -611 BTC | 66% |
| US | 14:00 - 00:00 | -0.24% | -67 BTC | 7% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this bear period. Within 2 day(s), the market would flip to chop.
Related Days
Days with similar flow patterns and market conditions.
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