Open
$68,352
Close
$67,540
Return
-1.19%
Net Flow
-174 BTC
Volume
26,690 BTC
Buy/Sell Ratio
0.99

Summary

Bitcoin slipped 1.19% on Friday, May 31, 2024, closing at $67,540 as sellers controlled aggregate flow with 174 BTC of net pressure.

BTC price and volume for May 31, 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

27 bars of outsized trades (peak 7.9σ) appeared between 00:47–22:11 UTC, with whale flow netting 142 BTC of buying.

Cumulative flow vs return for May 31, 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. 88% of directional flow — 187 BTC of selling — came from that single session.

Session returns: Asia -0.26%, Europe -0.14%, US -0.79%. US led the move.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 -0.26% -187 BTC 88%
Europe 08:00 - 14:00 -0.14% -6 BTC 3%
US 14:00 - 00:00 -0.79% 19 BTC 9%
Buy vs sell volume for May 31, 2024

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 bull regime was ending. CHOP conditions were 2 day(s) away.

Patterns: bull whale-activity asia-dominated regime-end

Related Days

Days with similar flow patterns and market conditions.

Mar 10, 2022BULL
-6.01%
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Mar 12, 2022BULL
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whale-activity asia-dominated regime-end flow-streak
Aug 20, 2022BULL
+1.47%
whale-activity asia-dominated regime-end
Nov 20, 2023BULL
+0.24%
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Nov 22, 2023BULL
+4.66%
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