BTC Flow Analysis — April 09, 2024 CHOP
Tuesday · Minute-level BTC order flow from Binance · 1,804,157 trades
Summary
April 09, 2024: Bitcoin lost 3.5%. The 1,501 BTC of net selling flow at $69,146 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
The big players were active all day. 20 bars of outsized trades (9.1σ peak) from 00:45–19:47 UTC, adding 114 BTC of selling pressure on top of the broader selling flow.
Price followed flow faithfully (correlation: 0.94). 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
Breaking it down by session: Asia -1.73%, Europe -0.65%, US -1.12%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.73% | -641 BTC | 43% |
| Europe | 08:00 - 14:00 | -0.65% | -467 BTC | 31% |
| US | 14:00 - 00:00 | -1.12% | -392 BTC | 26% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The chop regime was running out of road — 3 day(s) before the market shifted to bear. The transition was already underway in hindsight.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard