Open
$66,228
Close
$66,677
Return
+0.68%
Net Flow
+108 BTC
Volume
9,393 BTC
Buy/Sell Ratio
1.02

Summary

Bitcoin closed at $66,677 on June 16, 2024 after edged higher (0.68%). Aggressor-side flow netted +108 BTC, favoring buyers.

BTC price and volume for June 16, 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

The big players were active all day. 45 bars of outsized trades (7.4σ peak) from 01:02–22:31 UTC, adding 333 BTC of buying pressure on top of the broader buying flow.

The day split in half. Sellers controlled the first 12 hours (-0 BTC), then buyers took over (+108 BTC). The reversal changed the character of the day.

Flow and price moved in lockstep (correlation: 0.85). Aggressor-side buying translated directly into price movement with minimal resistance.

Cumulative flow vs return for June 16, 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

The Europe session posted the largest move. Full breakdown: Asia +0.06%, Europe +0.75%, US -0.13%.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.06% -112 BTC 34%
Europe 08:00 - 14:00 0.75% 178 BTC 54%
US 14:00 - 00:00 -0.13% 42 BTC 13%
Buy vs sell volume for June 16, 2024

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

Regime Context

Among the final days of this bull period. Within 1 day(s), the market would flip to chop.

Patterns: bull whale-activity flow-reversal regime-end

Related Days

Days with similar flow patterns and market conditions.

Apr 14, 2021BULL
-0.97%
whale-activity flow-reversal us-dominated regime-end
Apr 15, 2021BULL
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whale-activity flow-reversal regime-end
Sep 03, 2021BULL
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Sep 06, 2021BULL
+1.75%
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Nov 11, 2021BULL
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whale-activity flow-divergence flow-reversal regime-end flow-streak

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