BTC Flow Analysis — August 27, 2024 BEAR
Tuesday · Minute-level BTC order flow from Binance · 2,995,281 trades
Summary
Bitcoin closed at $59,415 on August 27, 2024 after dropped 5.4% in a sharp selloff. Aggressor-side flow netted -3,390 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
Large-player activity detected: 22 bars with trade sizes 3σ+ above normal (peak: 6.6σ) between 00:37–23:57 UTC. Whale flow netted 15 BTC of buying.
The 8.2% intraday range ($58,034 – $63,212) tells the story of a market in flux. Both sides had their moments.
Price followed flow faithfully (correlation: 0.96). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 72% of the day's directional flow, with 2,424 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.11%, Europe -1.06%, US -4.53%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.11% | -498 BTC | 15% |
| Europe | 08:00 - 14:00 | -1.06% | -468 BTC | 14% |
| US | 14:00 - 00:00 | -4.53% | -2424 BTC | 72% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this bear period. Within 2 day(s), the market would flip to chop.
Related Days
Days with similar flow patterns and market conditions.
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