BTC Flow Analysis — September 02, 2023 BEAR
Saturday · Minute-level BTC order flow from Binance · 567,728 trades
Summary
September 02, 2023: Bitcoin finished near unchanged (+0.25%). The 981 BTC of net selling flow at $25,870 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
The big players were active all day. 22 bars of outsized trades (7.0σ peak) from 00:15–23:22 UTC, adding 65 BTC of selling pressure on top of the broader selling flow.
A disconnect between flow and price (correlation: -0.51). Neither buyers nor sellers could convert aggressor-side pressure into directional movement.
Day 4 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price was pinned — only 0.91% separated the day's high and low. Periods of compression often precede expansion.
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
No single session dominated price action: Asia -0.04%, Europe +0.11%, US +0.17%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.04% | -23 BTC | 2% |
| Europe | 08:00 - 14:00 | 0.11% | -426 BTC | 43% |
| US | 14:00 - 00:00 | 0.17% | -532 BTC | 54% |
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 bear — and this day didn't deviate. A +0.25% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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