BTC Flow Analysis — July 03, 2023 BULL
Monday · Minute-level BTC order flow from Binance · 781,855 trades
Summary
July 03, 2023: Bitcoin ground out a +1.76% gain. The 1,990 BTC of net selling flow at $31,156 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
A textbook absorption day. Sellers hit the bid aggressively (correlation between cumulative flow and price: -0.59), but price still climbed +1.76%. The buying was passive — limit orders soaking up the supply.
Sustained large-player selling throughout the day. 25 bars with trade sizes 3σ+ above normal (peak: 7.7σ), spread across 01:49–17:58 UTC. The 216 BTC of whale flow reinforced the day's selling bias.
Day 12 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 +0.16%, Europe -0.04%, US +1.64%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.16% | -623 BTC | 31% |
| Europe | 08:00 - 14:00 | -0.04% | -713 BTC | 36% |
| US | 14:00 - 00:00 | 1.64% | -653 BTC | 33% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the bull regime was ending. CHOP conditions were 2 day(s) away.
Related Days
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