BTC Flow Analysis — April 11, 2024 CHOP
Thursday · Minute-level BTC order flow from Binance · 1,658,995 trades
Summary
On Thursday, April 11, 2024, Bitcoin slipped 0.88% to $70,006. Net flow: -100 BTC — sellers had the edge.
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 -0.30 flow-price correlation reveals a mismatch — buyers crossed the spread aggressively, but price still fell -0.88%. Passive supply overwhelmed active demand.
Whale-sized trades (18 bars above 3σ, peak 8.1σ) pushed 69 BTC of net buying between 00:11–22:58 UTC — while price went the other way. Possible accumulation, possible pain.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Morning and afternoon traded like two different markets. Sellers led early (-232 BTC), buyers dominated late (+132 BTC).
Across sessions: Asia +0.15%, Europe -0.64%, US -0.40% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.15% | -139 BTC | 16% |
| Europe | 08:00 - 14:00 | -0.64% | 383 BTC | 44% |
| US | 14:00 - 00:00 | -0.40% | -344 BTC | 40% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the chop regime was ending. BEAR conditions were 1 day(s) away.
Related Days
Days with similar flow patterns and market conditions.
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