BTC Flow Analysis — August 12, 2024 CHOP
Monday · Minute-level BTC order flow from Binance · 2,293,837 trades
Summary
On Monday, August 12, 2024, Bitcoin ground out a +1.08% gain to $59,347. Net flow: -451 BTC — sellers 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. 32 bars of outsized trades (5.8σ peak) from 00:27–23:29 UTC, adding 414 BTC of selling pressure on top of the broader selling flow.
Net selling for 4 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
Strip out Europe and the day would look flat. That session alone contributed 75% of the net flow (338 BTC selling).
Morning and afternoon traded like two different markets. Buyers led early (+168 BTC), sellers dominated late (-619 BTC).
Across sessions: Asia -0.06%, Europe -0.88%, US +2.04% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.06% | -7 BTC | 2% |
| Europe | 08:00 - 14:00 | -0.88% | -338 BTC | 75% |
| US | 14:00 - 00:00 | 2.04% | -107 BTC | 24% |
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. BEAR conditions were 2 day(s) away.
Related Days
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