BTC Flow Analysis — September 06, 2024 CHOP
Friday · Minute-level BTC order flow from Binance · 5,287,281 trades
Summary
Bitcoin lost 3.9% on Friday, September 06, 2024, closing at $53,963 as sellers controlled aggregate flow with 3,797 BTC of net pressure.
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. 33 bars of outsized trades (5.9σ peak) from 00:33–21:43 UTC, adding 1,008 BTC of selling pressure on top of the broader selling flow.
This was day 12 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
US traders set the tone. 69% of directional flow — 2,638 BTC of selling — came from that single session.
Session returns: Asia -0.67%, Europe +0.16%, US -3.46%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.67% | -816 BTC | 21% |
| Europe | 08:00 - 14:00 | 0.16% | -343 BTC | 9% |
| US | 14:00 - 00:00 | -3.46% | -2638 BTC | 69% |
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 heaviest selling days in this chop regime. Net flow of -3,797 BTC placed this day at -2.5σ from the regime mean.
Among the final days of this chop period. Within 0 day(s), the market would flip to bear.
Related Days
Days with similar flow patterns and market conditions.
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