BTC Flow Analysis — June 06, 2023 BEAR
Tuesday · Minute-level BTC order flow from Binance · 1,345,725 trades
Summary
Bitcoin closed at $27,230 on June 06, 2023 after surged 5.8%. Aggressor-side flow netted +1,775 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
The big players were active all day. 21 bars of outsized trades (6.7σ peak) from 00:27–17:28 UTC, adding 846 BTC of buying pressure on top of the broader buying flow.
The day split in half. Sellers controlled the first 12 hours (-390 BTC), then buyers took over (+2,165 BTC). The reversal changed the character of the day.
Flow and price moved in lockstep (correlation: 0.90). Aggressor-side buying translated directly into price movement with minimal resistance.
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 78% of the day's directional flow, with 2,382 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.02%, Europe +0.05%, US +5.81%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.02% | 24 BTC | 1% |
| Europe | 08:00 - 14:00 | 0.05% | -630 BTC | 21% |
| US | 14:00 - 00:00 | 5.81% | 2382 BTC | 78% |
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
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