BTC Flow Analysis — August 29, 2024 BEAR
Thursday · Minute-level BTC order flow from Binance · 2,743,900 trades
Summary
On Thursday, August 29, 2024, Bitcoin edged higher (+0.55%) to $59,359. Net flow: -716 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
24 bars of outsized trades (peak 8.1σ) appeared between 00:58–23:30 UTC, with whale flow netting 31 BTC of buying.
Net selling for 4 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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 66% of the net flow (685 BTC selling).
Morning and afternoon traded like two different markets. Buyers led early (+179 BTC), sellers dominated late (-895 BTC).
Across sessions: Asia +0.93%, Europe +1.75%, US -2.09% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.93% | -196 BTC | 19% |
| Europe | 08:00 - 14:00 | 1.75% | 165 BTC | 16% |
| US | 14:00 - 00:00 | -2.09% | -685 BTC | 66% |
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 0 day(s) away.
Related Days
Days with similar flow patterns and market conditions.
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