BTC Flow Analysis — August 23, 2024 BEAR
Friday · Minute-level BTC order flow from Binance · 2,555,682 trades
Summary
On Friday, August 23, 2024, Bitcoin ripped +6.1% to the upside to $64,037. Net flow: +2,628 BTC — buyers 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
The big players were active all day. 16 bars of outsized trades (9.7σ peak) from 02:36–23:54 UTC, adding 380 BTC of buying pressure on top of the broader buying flow.
Price followed flow faithfully (correlation: 0.98). 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
Strip out US and the day would look flat. That session alone contributed 98% of the net flow (2,571 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-210 BTC), buyers dominated late (+2,838 BTC).
Across sessions: Asia +1.15%, Europe +0.08%, US +4.77% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.15% | 58 BTC | 2% |
| Europe | 08:00 - 14:00 | 0.08% | -1 BTC | 0% |
| US | 14:00 - 00:00 | 4.77% | 2571 BTC | 98% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A +6.06% return against a regime average of -0.27%.
Related Days
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