Order-flow recap: crypto majors slipped while gold and a tokenized equity ran

Per-symbol recap

• BTCUSDT closed at 81,578.30, −0.75% on the day, having traded between 80,780.00 and 82,900.50. Turnover was 0.95 times the day's normal, with a delta of 3,457 on the buy side. The running total of aggressive buying minus aggressive selling peaked at 23:24 UTC and bottomed at 16:03 UTC. The tape recorded 2,812 marks.
• ETHUSDT closed at 2,422.49, −0.76%, with a range from 2,392.14 to 2,493.48. Turnover ran at 1.09 times normal and delta was 38,130 to the buy side. The cumulative volume delta high printed at 11:28 UTC and the low at 01:29 UTC. 1,639 marks were recorded.
• SOLUSDT closed at 104.39, −0.95%, between 102.43 and 107.37, with turnover at 0.99 times the day's normal and delta of 188,639 on the sell side. The cumulative volume delta high came at 06:51 UTC, the low at 17:19 UTC, and the tape recorded 8,773 marks.
• BNBUSDT closed at 721.88, −1.12%, from 718.84 to 736.72, on turnover of 0.82 times normal and delta of 2,351 to the sell side. The cumulative volume delta high printed at 19:26 UTC and the low at 13:35 UTC, across 5,893 marks.
• XAUUSDT closed at 4,170.27, +0.18%, between 4,154.02 and 4,205.91. Turnover was 1.06 times the day's normal, delta 1,775 on the buy side, with the cumulative volume delta high at 13:40 UTC and the low at 00:03 UTC. The tape recorded 10,118 marks.
• XAUTUSDT closed at 4,157.52, +0.15%, between 4,140.70 and 4,188.86, on turnover of 0.89 times normal and delta of 186 on the buy side. The cumulative volume delta high printed at 10:20 UTC and the low at 15:15 UTC, with 3,982 marks recorded.
• ZECUSDT closed at 1,148.14, −5.96%, from 1,130.79 to 1,248.25, on turnover of 0.94 times normal and delta of 25,376 on the sell side. The cumulative volume delta high came at 11:28 UTC and the low at 17:24 UTC, across 85 marks.
• RLCUSDT closed at 0.8229, −5.92%, between 0.8070 and 0.8897, on turnover of 0.23 times the day's normal, with delta of 1,677,588 to the sell side and 120 marks recorded.
• SNDKUSDT closed at 1,294.65, −5.76%, from 1,286.66 to 1,408.80, on turnover of 1.34 times normal and delta of 4,169 to the sell side, across 107 marks.
• SOXLUSDT closed at 94.64, −9.58%, between 93.16 and 109.57, on turnover of 1.98 times the day's normal and delta of 1,087,044 on the sell side, with 130 marks recorded.
• SPCXUSDT closed at 145.76, −1.81%, between 143.26 and 153.75, on turnover of 1.05 times normal, with delta of 333,704 to the sell side and 354 marks recorded.

What TapeHawk's indicators recorded

XAUUSDT moved +1.00% over 60 minutes, from 4,164.14 at 13:27 UTC to 4,205.91 at 14:27 UTC, 100 bps in all. In the same move, tape recorded marks across 3 TapeHawk indicators. Liquidity Changes on the heatmap chart recorded 208 marks on the buy side; it records one of the book's largest resting walls standing, then being pulled without the tape explaining the drop. Book Imbalance, also on the heatmap chart, recorded 12 marks on the buy side; it records which side of the resting book was heavier, and the moment that lean switched sides. Absorption Zones on the footprint chart recorded 11 marks on the sell side; it records several price levels in a row imbalancing the same way, with the bar then closing away from them — aggression met resting size and failed, so the zone reads the opposite way. While the marks were recorded, CVD on the candle chart showed the running total of aggressive buying minus aggressive selling going the other way, with aggressive sell orders still arriving while the price moved against them. The same move reached 4.29 times the market's average hourly range, and 1 other market made the same move at the same time.

BTCUSDT moved +1.62% over 8 minutes, from 80,780.00 at 17:26 UTC to 82,092.10 at 17:34 UTC, 162 bps in all. In the same move, tape recorded marks across 3 TapeHawk indicators. Big Trades on the heatmap chart recorded 64 marks on the buy side; it records one very large fill at a single price, a decision rather than the tail of many small trades. Sweeps, also on the heatmap chart, recorded 42 marks on the buy side; it records one aggressive order pushing a large amount of size through several price levels in a single motion. Volume Spikes on the heatmap chart recorded 25 marks on the buy side; it records a burst of trading going through — a large amount in a few seconds, across several price levels, pointing the way of the side that traded more. While the marks were recorded, Relative Volume (RVOL) on the candle chart showed the volume of the bars reaching 15.60 times its recent average, so the move was traded heavily rather than drifted into.

ETHUSDT moved −2.16% over 52 minutes, from 2,445.00 at 16:27 UTC to 2,392.14 at 17:19 UTC, 216 bps in all. In the same move, tape recorded marks across 3 TapeHawk indicators. Volume Spikes on the heatmap chart recorded 33 marks on the sell side; it records a burst of trading going through — a large amount in a few seconds, across several price levels, pointing the way of the side that traded more. Sweeps, also on the heatmap chart, recorded 20 marks on the sell side; it records one aggressive order pushing a large amount of size through several price levels in a single motion. Big Trades on the heatmap chart recorded 17 marks on the buy side; it records one very large fill at a single price, a decision rather than the tail of many small trades. While the marks were recorded, Relative Volume (RVOL) on the candle chart showed the volume of the bars reaching 4.90 times its recent average, so the move was traded heavily rather than drifted into.

Top movers among the tracked symbols

Among the 745 tracked symbols:

• AGTUSDT +70.23% at 0.06161, turnover $453.8M
• ICNTUSDT +19.97% at 0.1796, turnover $181.5M
• TIAUSDT +16.49% at 0.6875, turnover $455.9M
• ZEREBROUSDT −37.06% at 0.03270, turnover $207.3M
• STRKUSDT −14.47% at 0.07404, turnover $225.7M
• WALUSDT −12.35% at 0.04437, turnover $104.7M
• ZEREBROUSDT −37.06% at 0.03270, turnover $207.3M, volume 236.71 times normal
• ICNTUSDT +19.97% at 0.1796, turnover $181.5M, volume 136.73 times normal
• AGTUSDT +70.23% at 0.06161, turnover $453.8M, volume 120.26 times normal

Notable news

• An AI-financing scare sent investors toward bonds and out of tech, pulling yields lower and softening the dollar (Yahoo Finance).
• A post-close wrap showed a strong rebound in one large technology name while the technology sector as a whole headed for a weekly loss (Yahoo Finance).
• Gold rose as Treasury yields and the dollar eased (InvestorsHub).
• Mortgage rates pulled back (Yahoo Personal Finance).
• A market-cycle piece described money continuing to move out of mining and into gold and silver (BeInCrypto).

Not financial advice.