BTC Flow Analysis — September 14, 2024 BEAR
Saturday · Minute-level BTC order flow from Binance · 1,288,784 trades
Summary
September 14, 2024: Bitcoin drifted lower (-0.83%). The 997 BTC of net selling flow at $59,993 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. 25 bars with trade sizes 3σ+ above normal (peak: 8.6σ), spread across 00:10–23:04 UTC. The 43 BTC of whale flow reinforced the day's selling bias.
Flow and price moved in lockstep (correlation: 0.92). Aggressor-side selling translated directly into price movement with minimal resistance.
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 Asia hours, which accounted for 76% of the day's net flow (760 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -0.59%, Europe -0.61%, US +0.37%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.59% | -760 BTC | 76% |
| Europe | 08:00 - 14:00 | -0.61% | -184 BTC | 18% |
| US | 14:00 - 00:00 | 0.37% | -54 BTC | 5% |
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 -0.83% return against a regime average of -0.27%.
Related Days
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