BTC Flow Analysis — June 01, 2023 CHOP
Thursday · Minute-level BTC order flow from Binance · 814,389 trades
Summary
June 01, 2023: Bitcoin gave back 1.44%. The 1,976 BTC of net selling flow at $26,818 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. 11 bars with trade sizes 3σ+ above normal (peak: 5.7σ), spread across 01:17–22:45 UTC. The 30 BTC of whale flow reinforced the day's selling bias.
Day 4 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
Breaking it down by session: Asia -1.50%, Europe +0.33%, US -0.27%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.50% | -1212 BTC | 59% |
| Europe | 08:00 - 14:00 | 0.33% | 47 BTC | 2% |
| US | 14:00 - 00:00 | -0.27% | -811 BTC | 39% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this chop period. Within 3 day(s), the market would flip to bear.
Related Days
Days with similar flow patterns and market conditions.
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