Open
$63,165
Close
$62,312
Return
-1.35%
Net Flow
-594 BTC
Volume
25,599 BTC
Buy/Sell Ratio
0.95

Summary

Bitcoin drifted lower (-1.35%) on Tuesday, May 07, 2024, closing at $62,312 as sellers controlled aggregate flow with 594 BTC of net pressure.

BTC price and volume for May 07, 2024

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: 18 bars with trade sizes 3σ+ above normal (peak: 4.9σ) between 00:29–23:21 UTC. Whale flow netted 39 BTC of buying.

Day 3 of unbroken net selling. The market had a directional lean and wasn't letting go.

Cumulative flow vs return for May 07, 2024

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

Asia traders set the tone. 68% of directional flow — 405 BTC of selling — came from that single session.

Session returns: Asia +0.80%, Europe -0.72%, US -1.43%. US led the move.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.80% -405 BTC 68%
Europe 08:00 - 14:00 -0.72% -185 BTC 31%
US 14:00 - 00:00 -1.43% -3 BTC 1%
Buy vs sell volume for May 07, 2024

Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.

Regime Context

Market conditions were bear — and this day didn't deviate. A -1.35% return against a regime average of -0.27%.

Patterns: bear whale-activity asia-dominated flow-streak

Related Days

Days with similar flow patterns and market conditions.

May 13, 2021BEAR
+0.27%
whale-activity asia-dominated regime-start high-volatility flow-streak
Jun 08, 2021BEAR
-0.52%
whale-activity asia-dominated high-volatility flow-streak
Jun 19, 2021BEAR
-0.94%
whale-activity flow-reversal asia-dominated regime-start flow-streak
Jul 01, 2021BEAR
-4.40%
whale-activity flow-reversal asia-dominated regime-end flow-streak
Jul 14, 2021BEAR
+0.28%
whale-activity flow-reversal asia-dominated regime-start flow-streak

Explore this day's minute-level flow data interactively on the dashboard.

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