BTC Flow Analysis — August 14, 2024 CHOP
Wednesday · Minute-level BTC order flow from Binance · 1,729,342 trades
Summary
On Wednesday, August 14, 2024, Bitcoin sold off -3.1% to $58,683. Net flow: -1,895 BTC — sellers 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 selling throughout the day. 25 bars with trade sizes 3σ+ above normal (peak: 9.7σ), spread across 01:10–23:53 UTC. The 103 BTC of whale flow reinforced the day's selling bias.
Day 6 of unbroken net selling. The market had a directional lean and wasn't letting go.
Flow and price moved in lockstep (correlation: 0.97). 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
Across sessions: Asia +0.54%, Europe -2.14%, US -1.56% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.54% | -25 BTC | 1% |
| Europe | 08:00 - 14:00 | -2.14% | -750 BTC | 40% |
| US | 14:00 - 00:00 | -1.56% | -1120 BTC | 59% |
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 chop regime was ending. BEAR conditions were 0 day(s) away.
Related Days
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