BTC Flow Analysis — July 24, 2024 CHOP
Wednesday · Minute-level BTC order flow from Binance · 1,391,053 trades
Summary
Bitcoin drifted lower (-0.85%) on Wednesday, July 24, 2024, closing at $65,376 as sellers controlled aggregate flow with 1,427 BTC of net pressure.
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. 14 bars with trade sizes 3σ+ above normal (peak: 10.4σ), spread across 00:48–23:13 UTC. The 12 BTC of whale flow reinforced the day's selling bias.
Net selling for 3 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
US traders set the tone. 73% of directional flow — 1,046 BTC of selling — came from that single session.
Session returns: Asia +0.22%, Europe +0.40%, US -1.46%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.22% | -52 BTC | 4% |
| Europe | 08:00 - 14:00 | 0.40% | -329 BTC | 23% |
| US | 14:00 - 00:00 | -1.46% | -1046 BTC | 73% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the chop regime was ending. BULL conditions were 1 day(s) away.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard