BTC Flow Analysis — August 24, 2023 BEAR
Thursday · Minute-level BTC order flow from Binance · 575,619 trades
Summary
Bitcoin closed at $26,180 on August 24, 2023 after gave back 0.96%. Aggressor-side flow netted -2,229 BTC, favoring sellers.
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
Someone was moving size. 10 bars between 01:59–21:30 UTC registered trade sizes 3σ+ above normal (peak: 6.8σ), pushing 425 BTC net selling.
Price followed flow faithfully (correlation: 0.90). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 posted the largest move. Full breakdown: Asia +0.17%, Europe -0.46%, US -0.67%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.17% | -775 BTC | 35% |
| Europe | 08:00 - 14:00 | -0.46% | -295 BTC | 13% |
| US | 14:00 - 00:00 | -0.67% | -1159 BTC | 52% |
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 4 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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