BTC Flow Analysis — August 08, 2024 BULL
Thursday · Minute-level BTC order flow from Binance · 2,603,042 trades
Summary
Bitcoin closed at $61,686 on August 08, 2024 after ripped 11.9% to the upside. Aggressor-side flow netted +3,003 BTC, favoring buyers.
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. 20 bars with trade sizes 3σ+ above normal (peak: 10.0σ), spread across 01:01–22:14 UTC. The 51 BTC of whale flow reinforced the day's buying bias.
The 14.5% intraday range ($54,730 – $62,745) tells the story of a market in flux. Both sides had their moments.
Price followed flow faithfully (correlation: 0.93). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 86% of the day's directional flow, with 2,738 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +3.74%, Europe +0.13%, US +7.72%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 3.74% | 359 BTC | 11% |
| Europe | 08:00 - 14:00 | 0.13% | -94 BTC | 3% |
| US | 14:00 - 00:00 | 7.72% | 2738 BTC | 86% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
A statistical outlier: +11.88% return sits at +4.1σ from the bull-regime average of +0.34%. Days like this are rare within this regime.
Among the final days of this bull period. Within 0 day(s), the market would flip to chop.
A +1.8σ day — buying pressure exceeded the typical bull-regime flow (-386 BTC) by a notable margin.
Related Days
Days with similar flow patterns and market conditions.
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