BTC Flow Analysis — July 19, 2024 CHOP
Friday · Minute-level BTC order flow from Binance · 2,184,889 trades
Summary
On Friday, July 19, 2024, Bitcoin rallied +4.2% to $66,660. Net flow: +307 BTC — buyers 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 buying throughout the day. 31 bars with trade sizes 3σ+ above normal (peak: 6.9σ), spread across 00:10–21:55 UTC. The 171 BTC of whale flow reinforced the day's buying bias.
Flow and price moved in lockstep (correlation: 0.83). Aggressor-side buying 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
Morning and afternoon traded like two different markets. Sellers led early (-1,193 BTC), buyers dominated late (+1,500 BTC).
Across sessions: Asia -0.46%, Europe +2.26%, US +2.34% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.46% | -828 BTC | 42% |
| Europe | 08:00 - 14:00 | 2.26% | 170 BTC | 9% |
| US | 14:00 - 00:00 | 2.34% | 965 BTC | 49% |
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 chop-regime day. The +4.18% return was consistent with the period's average of +0.10%.
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