BTC Flow Analysis — July 06, 2023 CHOP
Thursday · Minute-level BTC order flow from Binance · 1,397,042 trades
Summary
July 06, 2023: Bitcoin drifted lower (-2.00%). The 3,414 BTC of net selling flow at $29,895 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
Large-player activity detected: 23 bars with trade sizes 3σ+ above normal (peak: 6.8σ) between 00:23–18:23 UTC. Whale flow netted 106 BTC of buying.
Flow and price moved in lockstep (correlation: 0.84). Aggressor-side selling 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
A tale of two halves — buyers pushed 146 BTC through the morning, then sellers flipped the script with 3,561 BTC in the afternoon.
Breaking it down by session: Asia +0.98%, Europe -1.40%, US -1.57%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.98% | 226 BTC | 6% |
| Europe | 08:00 - 14:00 | -1.40% | -1691 BTC | 44% |
| US | 14:00 - 00:00 | -1.57% | -1949 BTC | 50% |
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 heaviest selling days in this chop regime. Net flow of -3,414 BTC placed this day at -2.2σ from the regime mean.
The market was 1 day(s) into a new chop regime, having transitioned from bull. Early-regime days often carry residual momentum from the prior period.
The selling streak extended to 15 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard