BTC Flow Analysis — September 25, 2024 CHOP
Wednesday · Minute-level BTC order flow from Binance · 3,355,531 trades
Summary
September 25, 2024: Bitcoin drifted lower (-1.73%). The 1,044 BTC of net selling flow at $63,152 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. 30 bars of outsized trades (9.7σ peak) from 00:24–23:24 UTC, adding 232 BTC of selling pressure on top of the broader selling flow.
Flow and price moved in lockstep (correlation: 0.93). Aggressor-side selling translated directly into price movement with minimal resistance.
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 -0.65%, Europe -0.13%, US -0.96%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.65% | -106 BTC | 10% |
| Europe | 08:00 - 14:00 | -0.13% | -418 BTC | 40% |
| US | 14:00 - 00:00 | -0.96% | -519 BTC | 50% |
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 chop regime was ending. BULL conditions were 1 day(s) away.
Related Days
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