BTC Flow Analysis — August 07, 2024 BULL
Wednesday · Minute-level BTC order flow from Binance · 2,397,504 trades
Summary
Bitcoin slipped 1.58% on Wednesday, August 07, 2024, closing at $55,134 as sellers controlled aggregate flow with 475 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
Large-player activity detected: 22 bars with trade sizes 3σ+ above normal (peak: 8.8σ) between 00:29–22:59 UTC. Whale flow netted 266 BTC of buying.
Flow reversed midday. The first 12 hours belonged to buyers (+544 BTC), but sellers erased that and then some (-1,019 BTC) in the back half.
This was day 12 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
A clean, flow-driven day. The 0.94 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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
US traders set the tone. 67% of directional flow — 926 BTC of selling — came from that single session.
Session returns: Asia +1.60%, Europe -0.15%, US -2.99%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.60% | 83 BTC | 6% |
| Europe | 08:00 - 14:00 | -0.15% | 368 BTC | 27% |
| US | 14:00 - 00:00 | -2.99% | -926 BTC | 67% |
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 — 1 day(s) before the market shifted to chop. The transition was already underway in hindsight.
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