BTC Flow Analysis — May 10, 2024 BEAR
Friday · Minute-level BTC order flow from Binance · 1,500,643 trades
Summary
On Friday, May 10, 2024, Bitcoin fell 3.6% to $60,800. Net flow: -396 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
32 bars of outsized trades (peak 8.6σ) appeared between 01:42–20:45 UTC, with whale flow netting 40 BTC of buying.
Day 6 of unbroken net selling. The market had a directional lean and wasn't letting go.
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. Buyers led early (+864 BTC), sellers dominated late (-1,260 BTC).
Across sessions: Asia +0.01%, Europe -0.12%, US -3.50% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.01% | 773 BTC | 38% |
| Europe | 08:00 - 14:00 | -0.12% | 37 BTC | 2% |
| US | 14:00 - 00:00 | -3.50% | -1206 BTC | 60% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bear regime was running out of road — 3 day(s) before the market shifted to chop. The transition was already underway in hindsight.
Related Days
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