BTC Flow Analysis — October 28, 2024 CHOP
Monday · Minute-level BTC order flow from Binance · 4,432,446 trades
Summary
Bitcoin rallied +2.9% on Monday, October 28, 2024, closing at $69,962 as buyers controlled aggregate flow with 1,390 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. 47 bars of outsized trades (9.7σ peak) from 00:24–23:58 UTC, adding 1,491 BTC of buying pressure on top of the broader buying flow.
Flow reversed midday. The first 12 hours belonged to sellers (-535 BTC), but buyers erased that and then some (+1,925 BTC) in the back half.
Day 3 of unbroken net buying. The market had a directional lean and wasn't letting go.
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. 60% of directional flow — 1,471 BTC of buying — came from that single session.
Session returns: Asia +0.58%, Europe +0.59%, US +1.66%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.58% | -530 BTC | 22% |
| Europe | 08:00 - 14:00 | 0.59% | 449 BTC | 18% |
| US | 14:00 - 00:00 | 1.66% | 1471 BTC | 60% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 1 day(s) into a new chop regime, having transitioned from bull. Early-regime days often carry residual momentum from the prior period.
Related Days
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