BTC Flow Analysis — May 14, 2024 CHOP
Tuesday · Minute-level BTC order flow from Binance · 1,127,939 trades
Summary
On Tuesday, May 14, 2024, Bitcoin lost 2.2% to $61,577. Net flow: -1,457 BTC — sellers had the edge.
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
Sustained large-player selling throughout the day. 17 bars with trade sizes 3σ+ above normal (peak: 8.3σ), spread across 01:46–21:04 UTC. The 52 BTC of whale flow reinforced the day's selling bias.
Price followed flow faithfully (correlation: 0.85). 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
Across sessions: Asia -1.44%, Europe -0.55%, US -0.19% — with Asia doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.44% | -324 BTC | 22% |
| Europe | 08:00 - 14:00 | -0.55% | -366 BTC | 25% |
| US | 14:00 - 00:00 | -0.19% | -766 BTC | 53% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 1 of a fresh chop regime. The market had just flipped from bear, and the new character was still establishing itself.
Related Days
Days with similar flow patterns and market conditions.
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