BTC Flow Analysis — June 28, 2024 BEAR
Friday · Minute-level BTC order flow from Binance · 1,479,626 trades
Summary
June 28, 2024: Bitcoin sold off -2.1%. The 502 BTC of net buying flow at $60,428 told a clear story — buyers were in charge.
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
A frustrating day for buyers. Cumulative flow leaned positive but price declined -2.07% (correlation: -0.58). Passive selling at higher prices kept rejecting the advances.
Large players were on the wrong side — or the patient side. 13 bars of outsized trade sizes (peak 6.0σ) showed net selling, but price moved against them. Either they were accumulating into weakness or got caught.
This was day 3 of consecutive net buying. Multi-day streaks reflect sustained conviction, not noise.
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
Most of the action happened during Asia hours, which accounted for 70% of the day's net flow (387 BTC buying). The rest of the day was a footnote.
Breaking it down by session: Asia -0.58%, Europe -0.08%, US -1.42%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.58% | 387 BTC | 70% |
| Europe | 08:00 - 14:00 | -0.08% | -27 BTC | 5% |
| US | 14:00 - 00:00 | -1.42% | 142 BTC | 26% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a bear-regime day. The -2.07% return was consistent with the period's average of -0.27%.
Related Days
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