BTC Flow Analysis — April 17, 2024 BEAR
Wednesday · Minute-level BTC order flow from Binance · 2,458,327 trades
Summary
Bitcoin closed at $61,277 on April 17, 2024 after fell 3.9%. Aggressor-side flow netted -1,917 BTC, favoring sellers.
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. 14 bars with trade sizes 3σ+ above normal (peak: 3.9σ), spread across 00:10–21:24 UTC. The 175 BTC of whale flow reinforced the day's selling bias.
The day split in half. Buyers controlled the first 12 hours (+105 BTC), then sellers took over (-2,022 BTC). The reversal changed the character of the day.
Net selling for 9 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
A clean, flow-driven day. The 0.91 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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 81% of the day's directional flow, with 1,941 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.78%, Europe -1.05%, US -2.17%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.78% | 246 BTC | 10% |
| Europe | 08:00 - 14:00 | -1.05% | -221 BTC | 9% |
| US | 14:00 - 00:00 | -2.17% | -1941 BTC | 81% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a bear regime. The -3.94% return tracked the regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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