BTC Flow Analysis — August 16, 2024 BEAR
Friday · Minute-level BTC order flow from Binance · 1,999,539 trades
Summary
On Friday, August 16, 2024, Bitcoin pushed +2.3% higher to $58,875. Net flow: +316 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. 18 bars of outsized trades (9.5σ peak) from 00:13–23:07 UTC, adding 316 BTC of buying pressure on top of the broader buying flow.
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
Morning and afternoon traded like two different markets. Buyers led early (+451 BTC), sellers dominated late (-135 BTC).
Across sessions: Asia +1.59%, Europe -0.19%, US +0.91% — with Asia doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.59% | 576 BTC | 60% |
| Europe | 08:00 - 14:00 | -0.19% | -322 BTC | 34% |
| US | 14:00 - 00:00 | 0.91% | 63 BTC | 7% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 2 of a fresh bear regime. The market had just flipped from chop, and the new character was still establishing itself.
Related Days
Days with similar flow patterns and market conditions.
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