BTC Flow Analysis — August 06, 2024 BULL
Tuesday · Minute-level BTC order flow from Binance · 3,433,824 trades
Summary
Bitcoin climbed +3.7% on Tuesday, August 06, 2024, closing at $56,022 as sellers controlled aggregate flow with 16 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. 23 bars of outsized trades (6.9σ peak) from 00:29–23:41 UTC, adding 220 BTC of selling pressure on top of the broader selling flow.
Flow reversed midday. The first 12 hours belonged to sellers (-23 BTC), but buyers erased that and then some (+7 BTC) in the back half.
Net selling for 11 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Session returns: Asia +3.67%, Europe -1.42%, US +1.48%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 3.67% | 409 BTC | 35% |
| Europe | 08:00 - 14:00 | -1.42% | -601 BTC | 51% |
| US | 14:00 - 00:00 | 1.48% | 175 BTC | 15% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bull regime was running out of road — 2 day(s) before the market shifted to chop. The transition was already underway in hindsight.
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