BTC Flow Analysis — May 29, 2024 BULL
Wednesday · Minute-level BTC order flow from Binance · 1,221,044 trades
Summary
Bitcoin closed at $67,652 on May 29, 2024 after gave back 1.09%. Aggressor-side flow netted +337 BTC, favoring buyers.
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
Buyers were the aggressors but couldn't lift price, which fell -1.09% despite net buying pressure (flow-price correlation: -0.38). Overhead supply absorbed every push higher.
The big players were active all day. 19 bars of outsized trades (5.5σ peak) from 00:12–23:09 UTC, adding 239 BTC of buying pressure on top of the broader buying flow.
The day split in half. Sellers controlled the first 12 hours (-453 BTC), then buyers took over (+791 BTC). The reversal changed the character of the day.
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 Asia session posted the largest move. Full breakdown: Asia -0.66%, Europe -0.10%, US -0.34%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.66% | -325 BTC | 33% |
| Europe | 08:00 - 14:00 | -0.10% | 462 BTC | 47% |
| US | 14:00 - 00:00 | -0.34% | 201 BTC | 20% |
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 bull — and this day didn't deviate. A -1.09% return against a regime average of +0.34%.
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