BTC Flow Analysis — June 24, 2024 BEAR
Monday · Minute-level BTC order flow from Binance · 2,190,787 trades
Summary
Bitcoin closed at $60,293 on June 24, 2024 after fell 4.6%. Aggressor-side flow netted -3,170 BTC, favoring sellers.
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. 25 bars of outsized trades (6.6σ peak) from 00:59–21:33 UTC, adding 480 BTC of selling pressure on top of the broader selling flow.
A clean, flow-driven day. The 0.97 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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 US session posted the largest move. Full breakdown: Asia -1.19%, Europe -1.42%, US -2.07%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.19% | -795 BTC | 25% |
| Europe | 08:00 - 14:00 | -1.42% | -779 BTC | 25% |
| US | 14:00 - 00:00 | -2.07% | -1597 BTC | 50% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bear regime (day 1), with the chop regime barely in the rearview mirror.
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