BTC Flow Analysis — March 19, 2024 BULL
Tuesday · Minute-level BTC order flow from Binance · 3,593,832 trades
Summary
March 19, 2024: Bitcoin crashed -8.4%. The 4,595 BTC of net selling flow at $61,937 told a clear story — sellers were in charge.
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. 19 bars with trade sizes 3σ+ above normal (peak: 10.2σ), spread across 00:21–19:05 UTC. The 205 BTC of whale flow reinforced the day's selling bias.
The 9.7% intraday range ($61,555 – $68,124) tells the story of a market in flux. Both sides had their moments.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side selling 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
Breaking it down by session: Asia -4.30%, Europe -1.76%, US -2.56%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -4.30% | -2326 BTC | 51% |
| Europe | 08:00 - 14:00 | -1.76% | -1128 BTC | 25% |
| US | 14:00 - 00:00 | -2.56% | -1141 BTC | 25% |
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 heaviest selling days in this bull regime. Net flow of -4,595 BTC placed this day at -2.7σ from the regime mean.
At -3.1σ from the regime mean, this -8.39% move was an outlier within the bull period (avg +0.34%).
Related Days
Days with similar flow patterns and market conditions.
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