BTC Flow Analysis — September 07, 2023 BEAR
Thursday · Minute-level BTC order flow from Binance · 631,929 trades
Summary
September 07, 2023: Bitcoin edged higher (+1.92%). The 675 BTC of net selling flow at $26,255 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. 39 bars with trade sizes 3σ+ above normal (peak: 7.8σ), spread across 00:15–22:46 UTC. The 183 BTC of whale flow reinforced the day's selling bias.
This was day 9 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
A tale of two halves — sellers pushed 835 BTC through the morning, then buyers flipped the script with 160 BTC in the afternoon.
Breaking it down by session: Asia +0.01%, Europe -0.45%, US +2.37%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.01% | -523 BTC | 39% |
| Europe | 08:00 - 14:00 | -0.45% | -481 BTC | 36% |
| US | 14:00 - 00:00 | 2.37% | 328 BTC | 25% |
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 +1.92% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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