BTC Flow Analysis — August 02, 2024 BULL
Friday · Minute-level BTC order flow from Binance · 2,457,735 trades
Summary
Bitcoin crashed -5.9% on Friday, August 02, 2024, closing at $61,498 as sellers controlled aggregate flow with 2,416 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
Large-player activity detected: 20 bars with trade sizes 3σ+ above normal (peak: 10.9σ) between 00:51–23:54 UTC. Whale flow netted 52 BTC of buying.
Net selling for 7 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Flow and price moved in lockstep (correlation: 0.97). 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
US traders set the tone. 68% of directional flow — 2,082 BTC of selling — came from that single session.
Session returns: Asia -1.82%, Europe +1.66%, US -5.72%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.82% | -658 BTC | 21% |
| Europe | 08:00 - 14:00 | 1.66% | 325 BTC | 11% |
| US | 14:00 - 00:00 | -5.72% | -2082 BTC | 68% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Even by bull-regime standards, -5.90% was extreme — -2.2σ from the +0.34% average. This wasn't a normal bull day.
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