BTC Flow Analysis — August 30, 2024 CHOP
Friday · Minute-level BTC order flow from Binance · 2,845,696 trades
Summary
On Friday, August 30, 2024, Bitcoin drifted lower (-0.40%) to $59,124. Net flow: -953 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
22 bars of outsized trades (peak 13.3σ) appeared between 00:14–17:29 UTC, with whale flow netting 128 BTC of buying.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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 US and the day would look flat. That session alone contributed 77% of the net flow (731 BTC selling).
Across sessions: Asia -0.15%, Europe +0.64%, US -0.89% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.15% | -143 BTC | 15% |
| Europe | 08:00 - 14:00 | 0.64% | -79 BTC | 8% |
| US | 14:00 - 00:00 | -0.89% | -731 BTC | 77% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a chop regime (day 1), with the bear regime barely in the rearview mirror.
Related Days
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