Open
$62,820
Close
$62,224
Return
-0.95%
Net Flow
-445 BTC
Volume
25,966 BTC
Buy/Sell Ratio
0.97

Summary

October 07, 2024: Bitcoin gave back 0.95%. The 445 BTC of net selling flow at $62,224 told a clear story — sellers were in charge.

BTC price and volume for October 07, 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

Sustained large-player selling throughout the day. 25 bars with trade sizes 3σ+ above normal (peak: 8.2σ), spread across 00:58–20:40 UTC. The 158 BTC of whale flow reinforced the day's selling bias.

Most of the action happened during US hours, which accounted for 74% of the day's net flow (615 BTC selling). The rest of the day was a footnote.

Price followed flow faithfully (correlation: 0.83). When you see this level of alignment, it means one side is in control and the other isn't even fighting.

Cumulative flow vs return for October 07, 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

A tale of two halves — buyers pushed 147 BTC through the morning, then sellers flipped the script with 592 BTC in the afternoon.

Breaking it down by session: Asia +1.13%, Europe -0.12%, US -1.94%. US stood out.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 1.13% -21 BTC 3%
Europe 08:00 - 14:00 -0.12% 191 BTC 23%
US 14:00 - 00:00 -1.94% -615 BTC 74%
Buy vs sell volume for October 07, 2024

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 bull period. Within 3 day(s), the market would flip to chop.

Patterns: bull whale-activity flow-reversal us-dominated regime-end

Related Days

Days with similar flow patterns and market conditions.

Apr 14, 2021BULL
-0.97%
whale-activity flow-reversal us-dominated regime-end
Apr 05, 2022BULL
-2.32%
whale-activity flow-reversal us-dominated regime-end
Aug 18, 2022BULL
-0.65%
whale-activity flow-reversal us-dominated regime-end
Feb 08, 2023BULL
-1.20%
whale-activity flow-reversal us-dominated regime-end volume-spike
Jan 12, 2024BULL
-7.67%
whale-activity flow-reversal us-dominated outlier-return regime-end high-volatility

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