BTC Flow Analysis — September 04, 2024 CHOP
Wednesday · Minute-level BTC order flow from Binance · 3,177,549 trades
Summary
September 04, 2024: Bitcoin edged higher (+0.84%). The 1,837 BTC of net selling flow at $57,971 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
Sustained large-player selling throughout the day. 21 bars with trade sizes 3σ+ above normal (peak: 10.1σ), spread across 00:16–10:34 UTC. The 202 BTC of whale flow reinforced the day's selling bias.
Net selling for 10 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
Most of the action happened during Asia hours, which accounted for 91% of the day's net flow (1,676 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -1.29%, Europe -0.45%, US +2.62%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.29% | -1676 BTC | 91% |
| Europe | 08:00 - 14:00 | -0.45% | -100 BTC | 5% |
| US | 14:00 - 00:00 | 2.62% | -62 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this chop period. Within 2 day(s), the market would flip to bear.
Related Days
Days with similar flow patterns and market conditions.
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