BTC Flow Analysis — August 29, 2023 BEAR
Tuesday · Minute-level BTC order flow from Binance · 1,137,083 trades
Summary
Bitcoin closed at $27,716 on August 29, 2023 after surged 6.1%. Aggressor-side flow netted +1,639 BTC, favoring buyers.
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. 27 bars of outsized trades (8.4σ peak) from 00:44–16:39 UTC, adding 339 BTC of buying pressure on top of the broader buying flow.
The day split in half. Sellers controlled the first 12 hours (-495 BTC), then buyers took over (+2,134 BTC). The reversal changed the character of the day.
From $25,922 to $28,143 — a 8.5% range that forced both bulls and bears to respect the volatility.
Flow and price moved in lockstep (correlation: 0.97). Aggressor-side buying 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
The US session drove 80% of the day's directional flow, with 2,198 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.44%, Europe +0.18%, US +6.39%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.44% | -88 BTC | 3% |
| Europe | 08:00 - 14:00 | 0.18% | -471 BTC | 17% |
| US | 14:00 - 00:00 | 6.39% | 2198 BTC | 80% |
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 bear-regime day. The +6.11% return was consistent with the period's average of -0.27%.
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