BTC Flow Analysis — August 28, 2024 BEAR
Wednesday · Minute-level BTC order flow from Binance · 3,664,134 trades
Summary
August 28, 2024: Bitcoin drifted lower (-0.64%). The 2,597 BTC of net selling flow at $59,035 told a clear story — sellers were in charge.
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. 12 bars of outsized trades (7.8σ peak) from 00:13–21:52 UTC, adding 212 BTC of selling pressure on top of the broader selling flow.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Breaking it down by session: Asia -1.37%, Europe +1.25%, US -0.50%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.37% | -732 BTC | 28% |
| Europe | 08:00 - 14:00 | 1.25% | -428 BTC | 16% |
| US | 14:00 - 00:00 | -0.50% | -1437 BTC | 55% |
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 bear regime was ending. CHOP conditions were 1 day(s) away.
Related Days
Days with similar flow patterns and market conditions.
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