BTC Flow Analysis — July 20, 2023 BULL
Thursday · Minute-level BTC order flow from Binance · 749,723 trades
Summary
Bitcoin closed at $29,800 on July 20, 2023 after gave back 0.37%. Aggressor-side flow netted -1,418 BTC, favoring sellers.
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. 31 bars of outsized trades (14.7σ peak) from 00:37–23:59 UTC, adding 4 BTC of selling pressure on top of the broader selling flow.
Day 7 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.85). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 66% of the day's directional flow, with 942 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.98%, Europe +0.09%, US -1.42%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.98% | -226 BTC | 16% |
| Europe | 08:00 - 14:00 | 0.09% | -249 BTC | 18% |
| US | 14:00 - 00:00 | -1.42% | -942 BTC | 66% |
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 bull period. Within 0 day(s), the market would flip to chop.
Related Days
Days with similar flow patterns and market conditions.
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