BTC Flow Analysis — September 10, 2024 BEAR
Tuesday · Minute-level BTC order flow from Binance · 2,843,148 trades
Summary
September 10, 2024: Bitcoin edged higher (+1.04%). The 246 BTC of net selling flow at $57,636 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. 29 bars with trade sizes 3σ+ above normal (peak: 7.7σ), spread across 00:13–23:58 UTC. The 20 BTC of whale flow reinforced the day's selling bias.
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
Most of the action happened during Europe hours, which accounted for 61% of the day's net flow (495 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 327 BTC through the morning, then buyers flipped the script with 81 BTC in the afternoon.
Breaking it down by session: Asia +0.31%, Europe -0.83%, US +1.58%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.31% | -34 BTC | 4% |
| Europe | 08:00 - 14:00 | -0.83% | -495 BTC | 61% |
| US | 14:00 - 00:00 | 1.58% | 283 BTC | 35% |
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 +1.04% return against a regime average of -0.27%.
Related Days
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