BTC Flow Analysis — August 02, 2023 CHOP
Wednesday · Minute-level BTC order flow from Binance · 945,158 trades
Summary
August 02, 2023: Bitcoin gave back 1.75%. The 2,274 BTC of net selling flow at $29,186 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
Sustained large-player selling throughout the day. 15 bars with trade sizes 3σ+ above normal (peak: 6.1σ), spread across 00:39–23:59 UTC. The 162 BTC of whale flow reinforced the day's selling bias.
Day 4 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.94). 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
Breaking it down by session: Asia -0.43%, Europe -0.56%, US -0.77%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.43% | -1312 BTC | 58% |
| Europe | 08:00 - 14:00 | -0.56% | -511 BTC | 22% |
| US | 14:00 - 00:00 | -0.77% | -451 BTC | 20% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were chop — and this day didn't deviate. A -1.75% return against a regime average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
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