Open
$57,302
Close
$59,132
Return
+3.19%
Net Flow
-305 BTC
Volume
22,895 BTC
Buy/Sell Ratio
0.97

Summary

Bitcoin closed at $59,132 on September 02, 2024 after rallied 3.2%. Aggressor-side flow netted -305 BTC, favoring sellers.

BTC price and volume for September 02, 2024

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. 23 bars of outsized trades (9.3σ peak) from 00:20–23:24 UTC, adding 46 BTC of selling pressure on top of the broader selling flow.

The day split in half. Buyers controlled the first 12 hours (+484 BTC), then sellers took over (-788 BTC). The reversal changed the character of the day.

Cumulative flow vs return for September 02, 2024

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

The US session drove 61% of the day's directional flow, with 858 BTC of net selling. The other two sessions were comparatively quiet.

The US session posted the largest move. Full breakdown: Asia +0.43%, Europe +1.10%, US +1.63%.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.43% 158 BTC 11%
Europe 08:00 - 14:00 1.10% 395 BTC 28%
US 14:00 - 00:00 1.63% -858 BTC 61%
Buy vs sell volume for September 02, 2024

Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.

Regime Context

The selling streak extended to 8 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.

Patterns: chop whale-activity flow-reversal us-dominated flow-streak

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