BTC Flow Analysis — July 06, 2024 BEAR
Saturday · Minute-level BTC order flow from Binance · 1,411,065 trades
Summary
On Saturday, July 06, 2024, Bitcoin rallied +2.8% to $58,230. Net flow: +516 BTC — buyers had the edge.
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. 20 bars of outsized trades (7.7σ peak) from 01:23–22:17 UTC, adding 369 BTC of buying pressure on top of the broader buying flow.
Flow and price moved in lockstep (correlation: 0.97). Aggressor-side buying translated directly into price movement with minimal resistance.
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
Strip out US and the day would look flat. That session alone contributed 71% of the net flow (690 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-395 BTC), buyers dominated late (+910 BTC).
Across sessions: Asia -0.04%, Europe +0.68%, US +2.17% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.04% | -227 BTC | 23% |
| Europe | 08:00 - 14:00 | 0.68% | 52 BTC | 5% |
| US | 14:00 - 00:00 | 2.17% | 690 BTC | 71% |
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 +2.83% return was consistent with the period's average of -0.27%.
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