BTC Flow Analysis — August 31, 2024 CHOP
Saturday · Minute-level BTC order flow from Binance · 895,944 trades
Summary
August 31, 2024: Bitcoin traded flat. The 407 BTC of net selling flow at $58,974 told a clear story — sellers were in charge.
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
Sustained large-player selling throughout the day. 35 bars with trade sizes 3σ+ above normal (peak: 8.9σ), spread across 00:19–23:51 UTC. The 19 BTC of whale flow reinforced the day's selling bias.
Net selling for 6 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
All three sessions posted small moves: Asia -0.05%, Europe -0.24%, US +0.03% — a balanced day with no clear regional driver.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.05% | 63 BTC | 12% |
| Europe | 08:00 - 14:00 | -0.24% | -172 BTC | 32% |
| US | 14:00 - 00:00 | 0.03% | -297 BTC | 56% |
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 2), with the bear regime barely in the rearview mirror.
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