BTC Flow Analysis — September 08, 2023 BEAR
Friday · Minute-level BTC order flow from Binance · 646,852 trades
Summary
Bitcoin closed at $25,910 on September 08, 2023 after slipped 1.31%. Aggressor-side flow netted -522 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
13 bars of outsized trades (peak 6.8σ) appeared between 00:15–23:44 UTC, with whale flow netting 285 BTC of buying.
The day split in half. Sellers controlled the first 12 hours (-953 BTC), then buyers took over (+431 BTC). The reversal changed the character of the day.
This was day 10 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
A clean, flow-driven day. The 0.89 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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 Europe session drove 66% of the day's directional flow, with 791 BTC of net selling. The other two sessions were comparatively quiet.
The Europe session posted the largest move. Full breakdown: Asia +0.00%, Europe -1.40%, US +0.09%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.00% | -73 BTC | 6% |
| Europe | 08:00 - 14:00 | -1.40% | -791 BTC | 66% |
| US | 14:00 - 00:00 | 0.09% | 342 BTC | 28% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a bear-regime day. The -1.31% return was consistent with the period's average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard