BTC Flow Analysis — October 16, 2024 BULL
Wednesday · Minute-level BTC order flow from Binance · 5,109,685 trades
Summary
On Wednesday, October 16, 2024, Bitcoin edged higher (+0.81%) to $67,620. Net flow: +487 BTC — buyers 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
The big players were active all day. 40 bars of outsized trades (18.0σ peak) from 00:33–23:10 UTC, adding 1,014 BTC of buying pressure on top of the broader buying flow.
Flow and price moved in lockstep (correlation: 0.81). Aggressor-side buying 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
Strip out Europe and the day would look flat. That session alone contributed 62% of the net flow (1,288 BTC buying).
Morning and afternoon traded like two different markets. Buyers led early (+705 BTC), sellers dominated late (-218 BTC).
Across sessions: Asia -0.15%, Europe +0.62%, US +0.35% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.15% | -577 BTC | 28% |
| Europe | 08:00 - 14:00 | 0.62% | 1288 BTC | 62% |
| US | 14:00 - 00:00 | 0.35% | -224 BTC | 11% |
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 bull regime (day 3), with the chop regime barely in the rearview mirror.
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