Open
$33,070
Close
$33,923
Return
+2.58%
Net Flow
-446 BTC
Volume
115,265 BTC
Buy/Sell Ratio
0.99

Summary

Bitcoin rallied +2.6% on Tuesday, October 24, 2023, closing at $33,923 as sellers controlled aggregate flow with 446 BTC of net pressure.

BTC price and volume for October 24, 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

Large-player activity detected: 28 bars with trade sizes 3σ+ above normal (peak: 11.4σ) between 00:25–23:25 UTC. Whale flow netted 519 BTC of buying.

Flow reversed midday. The first 12 hours belonged to buyers (+1,675 BTC), but sellers erased that and then some (-2,121 BTC) in the back half.

Flow and price moved in lockstep (correlation: 0.84). Aggressor-side selling translated directly into price movement with minimal resistance.

Cumulative flow vs return for October 24, 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

Session returns: Asia +2.81%, Europe +1.27%, US -1.48%. Asia led the move.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 2.81% 206 BTC 9%
Europe 08:00 - 14:00 1.27% 726 BTC 31%
US 14:00 - 00:00 -1.48% -1378 BTC 60%
Buy vs sell volume for October 24, 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 +2.58% return was consistent with the period's average of +0.34%.

Patterns: bull whale-activity flow-reversal

Related Days

Days with similar flow patterns and market conditions.

Apr 04, 2021BULL
+2.02%
whale-activity flow-reversal regime-start
Apr 05, 2021BULL
+1.59%
whale-activity flow-reversal regime-start
Apr 06, 2021BULL
-1.93%
whale-activity flow-reversal regime-start
Apr 10, 2021BULL
+2.80%
whale-activity flow-reversal asia-dominated
Apr 11, 2021BULL
+0.39%
whale-activity flow-reversal asia-dominated

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