BTC Flow Analysis — June 07, 2024 BULL
Friday · Minute-level BTC order flow from Binance · 1,516,415 trades
Summary
Bitcoin closed at $69,356 on June 07, 2024 after sold off 2.0%. Aggressor-side flow netted -961 BTC, favoring sellers.
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
17 bars of outsized trades (peak 5.9σ) appeared between 00:23–22:57 UTC, with whale flow netting 350 BTC of buying.
The day split in half. Buyers controlled the first 12 hours (+609 BTC), then sellers took over (-1,570 BTC). The reversal changed the character of the day.
Day 3 of unbroken net selling. The market had a directional lean and wasn't letting go.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side selling translated directly into price movement with minimal resistance.
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 US session drove 72% of the day's directional flow, with 1,576 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.44%, Europe +0.60%, US -3.05%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.44% | 330 BTC | 15% |
| Europe | 08:00 - 14:00 | 0.60% | 285 BTC | 13% |
| US | 14:00 - 00:00 | -3.05% | -1576 BTC | 72% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a bull-regime day. The -2.04% return was consistent with the period's average of +0.34%.
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