BTC Flow Analysis — August 18, 2024 BEAR
Sunday · Minute-level BTC order flow from Binance · 1,099,730 trades
Summary
Bitcoin closed at $58,427 on August 18, 2024 after drifted lower (1.79%). Aggressor-side flow netted -314 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
The big players were active all day. 29 bars of outsized trades (9.6σ peak) from 00:17–23:37 UTC, adding 7 BTC of selling pressure on top of the broader selling flow.
The day split in half. Buyers controlled the first 12 hours (+303 BTC), then sellers took over (-617 BTC). The reversal changed the character of the day.
Flow and price moved in lockstep (correlation: 0.87). 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 drove 67% of the day's directional flow, with 624 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.14%, Europe +0.43%, US -2.34%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.14% | 186 BTC | 20% |
| Europe | 08:00 - 14:00 | 0.43% | 124 BTC | 13% |
| US | 14:00 - 00:00 | -2.34% | -624 BTC | 67% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A -1.79% return against a regime average of -0.27%.
Related Days
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