BTC Flow Analysis — August 17, 2024 BEAR
Saturday · Minute-level BTC order flow from Binance · 807,159 trades
Summary
Bitcoin edged higher (+1.05%) on Saturday, August 17, 2024, closing at $59,492 as buyers controlled aggregate flow with 22 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. 19 bars of outsized trades (11.4σ peak) from 00:46–23:22 UTC, adding 104 BTC of buying pressure on top of the broader buying flow.
Flow reversed midday. The first 12 hours belonged to buyers (+229 BTC), but sellers erased that and then some (-208 BTC) in the back half.
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 +0.63%, Europe +0.13%, US +0.28%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.63% | 325 BTC | 52% |
| Europe | 08:00 - 14:00 | 0.13% | -49 BTC | 8% |
| US | 14:00 - 00:00 | 0.28% | -255 BTC | 41% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bear regime (day 3), with the chop regime barely in the rearview mirror.
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