BTC Flow Analysis — July 07, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 912,948 trades
Summary
Bitcoin edged higher (+1.50%) on Friday, July 07, 2023, closing at $30,345 as sellers controlled aggregate flow with 4,319 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
Flow said sell, price said buy. The -0.73 correlation between cumulative flow and return tells the story: someone was absorbing the selling quietly while price rose +1.50%.
Whale-sized trades (13 bars above 3σ, peak 10.1σ) pushed 50 BTC of net buying between 01:55–22:14 UTC — while price went the other way. Possible accumulation, possible pain.
This was day 16 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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 +0.37%, Europe +1.26%, US -0.13%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.37% | -2589 BTC | 60% |
| Europe | 08:00 - 14:00 | 1.26% | -309 BTC | 7% |
| US | 14:00 - 00:00 | -0.13% | -1421 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
Net selling hit 4,319 BTC, landing -2.5σ outside the bull-regime norm. Days with this level of one-sided flow have historically marked inflection points within the regime.
The market was 1 day(s) into a new bull regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
Related Days
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