BTC Flow Analysis — July 17, 2024 CHOP
Wednesday · Minute-level BTC order flow from Binance · 1,868,671 trades
Summary
Bitcoin closed at $64,088 on July 17, 2024 after drifted lower (1.47%). Aggressor-side flow netted -335 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
Sustained large-player selling throughout the day. 18 bars with trade sizes 3σ+ above normal (peak: 8.5σ), spread across 02:12–23:28 UTC. The 66 BTC of whale flow reinforced the day's selling bias.
The day split in half. Buyers controlled the first 12 hours (+154 BTC), then sellers took over (-489 BTC). The reversal changed the character of the day.
Flow and price moved in lockstep (correlation: 0.81). Aggressor-side selling 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
The US session posted the largest move. Full breakdown: Asia +0.33%, Europe -0.18%, US -1.62%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.33% | 225 BTC | 29% |
| Europe | 08:00 - 14:00 | -0.18% | -130 BTC | 17% |
| US | 14:00 - 00:00 | -1.62% | -430 BTC | 55% |
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 chop-regime day. The -1.47% return was consistent with the period's average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard