BTC Flow Analysis — July 10, 2024 BEAR
Wednesday · Minute-level BTC order flow from Binance · 1,766,696 trades
Summary
Bitcoin closed at $57,726 on July 10, 2024 after drifted lower (0.56%). Aggressor-side flow netted -105 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
Large-player activity detected: 28 bars with trade sizes 3σ+ above normal (peak: 8.1σ) between 00:57–22:31 UTC. Whale flow netted 172 BTC of buying.
The day split in half. Buyers controlled the first 12 hours (+24 BTC), then sellers took over (-128 BTC). The reversal changed the character of the day.
Flow and price moved in lockstep (correlation: 0.88). 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 Europe session drove 64% of the day's directional flow, with 243 BTC of net selling. The other two sessions were comparatively quiet.
The Europe session posted the largest move. Full breakdown: Asia +1.60%, Europe -2.07%, US -0.06%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.60% | 57 BTC | 15% |
| Europe | 08:00 - 14:00 | -2.07% | -243 BTC | 64% |
| US | 14:00 - 00:00 | -0.06% | 81 BTC | 21% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the bear regime was ending. CHOP conditions were 3 day(s) away.
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