Open
$27,906
Close
$27,938
Return
+0.11%
Net Flow
-21 BTC
Volume
19,480 BTC
Buy/Sell Ratio
1.00

Summary

Bitcoin closed at $27,938 on April 08, 2023 after traded flat. Aggressor-side flow netted -21 BTC, favoring sellers.

BTC price and volume for April 08, 2023

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

17 bars of outsized trades (peak 7.5σ) appeared between 00:15–20:19 UTC, with whale flow netting 43 BTC of buying.

The day split in half. Buyers controlled the first 12 hours (+370 BTC), then sellers took over (-391 BTC). The reversal changed the character of the day.

Day 3 of unbroken net selling. The market had a directional lean and wasn't letting go.

Flow and price moved in lockstep (correlation: 0.93). Aggressor-side selling translated directly into price movement with minimal resistance.

Cumulative flow vs return for April 08, 2023

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 Asia session posted the largest move. Full breakdown: Asia +0.64%, Europe -0.23%, US -0.29%.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.64% 585 BTC 49%
Europe 08:00 - 14:00 -0.23% -264 BTC 22%
US 14:00 - 00:00 -0.29% -342 BTC 29%
Buy vs sell volume for April 08, 2023

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

Regime Context

Nothing unusual for a bull-regime day. The +0.11% return was consistent with the period's average of +0.34%.

Patterns: bull whale-activity flow-reversal flow-streak

Related Days

Days with similar flow patterns and market conditions.

Aug 25, 2021BULL
+2.73%
whale-activity flow-reversal flow-streak
Sep 03, 2021BULL
+1.53%
whale-activity flow-reversal regime-end flow-streak
Oct 18, 2021BULL
+0.78%
whale-activity flow-reversal flow-streak
Nov 01, 2021BULL
-0.63%
whale-activity flow-reversal us-dominated flow-streak
Nov 11, 2021BULL
-0.17%
whale-activity flow-divergence flow-reversal regime-end flow-streak

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