TapeHawk order-flow recap: a market-wide slide, a failed push higher, and gold on the move

Per-symbol recap

BTCUSDT traded between 82,901.30 and 85,632.70, opening at 83,624.50 and closing at 83,576.90, a change of −0.06%. Turnover was 175,882 against a relative volume of 1.21 times its usual pace. The session's cumulative volume delta peaked at 13:09 UTC and bottomed at 08:59 UTC, leaving a net delta of 214 on the sell side.

ETHUSDT opened at 2,676.94 and closed at 2,684.68, a move of +0.29%, with a high of 2,738.00 and a low of 2,656.23. Volume reached 3,248,624 at a relative volume of 0.91 times normal, and the net delta of 69,059 leaned to the sell side.

SOLUSDT slipped 0.86% to close at 118.05, having traded as high as 122.80 and as low as 116.84. Volume was 21,205,419 at 1.11 times its usual pace, and delta ended at 32,938 on the buy side.

BNBUSDT gained 1.39% to close at 769.73, between a low of 756.60 and a high of 780.00. Turnover was 407,941 at 0.84 times normal, with delta of 3,018 on the buy side.

XAUUSDT opened at 4,188.65 and closed at 4,161.11, down 0.66%, having ranged from 4,153.37 to 4,226.82. Volume was 449,589, and the net delta of 4,610 leaned to the sell side. XAUTUSDT closed at 4,157.83, a change of 0.60%, with delta of 114.

The readings: what the tape recorded

On BTCUSDT, price fell 2.58% over 60 minutes, from 85,529.90 at 13:32 UTC to 83,325.10 at 14:32 UTC, a move of 258 bps. Big Trades on the heatmap chart recorded 104 marks on the sell side: one very large fill at a single price, a decision rather than the tail of many small trades. Sweeps on the heatmap chart recorded 62 marks on the sell side: one aggressive order pushed a large amount of size through several price levels in a single motion. Stop Runs on the heatmap chart recorded 9 marks on the sell side: several aggressive orders in a row, all one direction, each starting where the last one stopped. These indicators recorded marks in the same move, a confluence rather than a signal or a confirmation. Relative Volume (RVOL) on the candle chart showed the volume of the bars reached 4.80 times its recent average: the move was traded heavily, not drifted into. The same move carried BTCUSDT alongside SOLUSDT, ETHUSDT and BNBUSDT.

On BTCUSDT, price rose 2.27% over 53 minutes, from 83,730.00 at 12:16 UTC to 85,632.70 at 13:09 UTC, a move of 227 bps. Big Trades on the heatmap chart recorded 137 marks on the buy side: one very large fill at a single price, a decision rather than the tail of many small trades. Volume Spikes on the heatmap chart recorded 114 marks on the buy side: a burst of trading went through, a large amount in a few seconds, across several price levels, pointing the way of the side that traded more. Sweeps on the heatmap chart recorded 80 marks on the buy side: one aggressive order pushed a large amount of size through several price levels in a single motion. These indicators recorded marks in the same move, a confluence rather than a signal or a confirmation. Relative Volume (RVOL) on the candle chart showed the volume of the bars reached 34.40 times its recent average: the move was traded heavily, not drifted into. The same window carried XAUTUSDT and SOLUSDT in the same direction.

On XAUUSDT, price rose 0.94% over 60 minutes, from 4,187.40 at 11:32 UTC to 4,226.82 at 12:32 UTC, a move of 94 bps. Liquidity Changes on the heatmap chart recorded 306 marks on the buy side: one of the book's largest resting walls stood, then was pulled without the tape explaining the drop. Book Imbalance on the heatmap chart recorded 15 marks on the sell side: which side of the resting book was heavier, and the moment that lean switched sides. Volume Spikes on the heatmap chart recorded 7 marks on the buy side: a burst of trading went through, a large amount in a few seconds, across several price levels, pointing the way of the side that traded more. These indicators recorded marks in the same move, a confluence rather than a signal or a confirmation. Relative Volume (RVOL) on the candle chart showed the volume of the bars reached 18.00 times its recent average: the move was traded heavily, not drifted into. The same hours carried XAUUSDT and XAUUSDT.

Top movers among the tracked symbols

• MOVRUSDT: +74.32%, last at 2.18, turnover $784.2M.
• USUSDT: +58.29%, last at 0.02687, turnover $131.0M.
• NIGHTUSDT: +20.86%, last at 0.03911, turnover $68.9M.
• 龙虾USDT: −48.17%, last at 0.03574, turnover $144.9M.
• LYNUSDT: −31.18%, last at 0.02479, turnover $53.1M.
• GRASSUSDT: −9.04%, last at 0.6971, turnover $73.6M.

These figures cover 739 tracked symbols.

Notable news

• Cooler-than-expected inflation data lifted Bitcoin over the prior session, with the asset still showing a strong quarter behind it (Barron's).
• Ethereum opened lower and drifted modestly higher into the morning, in a month that broke the usual weak seasonal pattern (Yahoo Personal Finance).
• Comex gold futures settled modestly higher even as benchmark yields pushed to multi-decade highs (the bullion complex feed).

Not financial advice. This recap describes recorded order flow and nothing more.