BTC Flow Analysis — May 12, 2023 BEAR
Friday · Minute-level BTC order flow from Binance · 1,351,633 trades
Summary
Bitcoin closed at $26,795 on May 12, 2023 after gave back 0.64%. Aggressor-side flow netted -913 BTC, favoring sellers.
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. 23 bars of outsized trades (6.3σ peak) from 02:10–22:42 UTC, adding 95 BTC of selling pressure on top of the broader selling flow.
Day 3 of unbroken net selling. 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
The US session drove 66% of the day's directional flow, with 909 BTC of net selling. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia -2.44%, Europe +0.53%, US +1.30%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.44% | -232 BTC | 17% |
| Europe | 08:00 - 14:00 | 0.53% | 228 BTC | 17% |
| US | 14:00 - 00:00 | 1.30% | -909 BTC | 66% |
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 2 day(s) into a new bear regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
Related Days
Days with similar flow patterns and market conditions.
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