BTC Flow Analysis — June 02, 2023 CHOP
Friday · Minute-level BTC order flow from Binance · 811,087 trades
Summary
Bitcoin edged higher (+1.58%) on Friday, June 02, 2023, closing at $27,243 as sellers controlled aggregate flow with 112 BTC of net pressure.
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. 11 bars of outsized trades (7.4σ peak) from 01:07–18:01 UTC, adding 242 BTC of selling pressure on top of the broader selling flow.
Flow reversed midday. The first 12 hours belonged to sellers (-298 BTC), but buyers erased that and then some (+186 BTC) in the back half.
Net selling for 5 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Session returns: Asia +0.86%, Europe -0.52%, US +1.24%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.86% | -120 BTC | 9% |
| Europe | 08:00 - 14:00 | -0.52% | -590 BTC | 45% |
| US | 14:00 - 00:00 | 1.24% | 599 BTC | 46% |
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 2 day(s), the market would flip to bear.
Related Days
Days with similar flow patterns and market conditions.
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