BTC Flow Analysis — May 17, 2023 BEAR
Wednesday · Minute-level BTC order flow from Binance · 1,016,823 trades
Summary
Bitcoin closed at $27,406 on May 17, 2023 after ground out a 1.38% gain. Aggressor-side flow netted +309 BTC, favoring buyers.
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
Large-player activity detected: 22 bars with trade sizes 3σ+ above normal (peak: 4.9σ) between 00:57–18:19 UTC. Whale flow netted 239 BTC of selling.
The day split in half. Sellers controlled the first 12 hours (-485 BTC), then buyers took over (+794 BTC). The reversal changed the character of the day.
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 62% of the day's directional flow, with 794 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.70%, Europe -0.78%, US +2.89%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.70% | -65 BTC | 5% |
| Europe | 08:00 - 14:00 | -0.78% | -420 BTC | 33% |
| US | 14:00 - 00:00 | 2.89% | 794 BTC | 62% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a bear-regime day. The +1.38% return was consistent with the period's average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard