BTC Flow Analysis — May 14, 2023 BEAR
Sunday · Minute-level BTC order flow from Binance · 629,537 trades
Summary
May 14, 2023: Bitcoin edged higher (+0.53%). The 251 BTC of net selling flow at $26,918 told a clear story — sellers were in charge.
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
Sustained large-player selling throughout the day. 15 bars with trade sizes 3σ+ above normal (peak: 12.2σ), spread across 00:11–23:52 UTC. The 76 BTC of whale flow reinforced the day's selling bias.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
A tale of two halves — sellers pushed 252 BTC through the morning, then buyers flipped the script with 2 BTC in the afternoon.
No single session dominated price action: Asia +0.30%, Europe +0.21%, US +0.02%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.30% | 16 BTC | 6% |
| Europe | 08:00 - 14:00 | 0.21% | -130 BTC | 46% |
| US | 14:00 - 00:00 | 0.02% | -137 BTC | 48% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A +0.53% return against a regime average of -0.27%.
Related Days
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