BTC Flow Analysis — April 06, 2025 CHOP
Sunday · Minute-level BTC order flow from Binance · 3,948,493 trades
Summary
April 06, 2025: Bitcoin crashed -6.1%. The 2,955 BTC of net selling flow at $78,430 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. 21 bars with trade sizes 3σ+ above normal (peak: 16.6σ), spread across 00:41–22:51 UTC. The 626 BTC of whale flow reinforced the day's selling bias.
Most of the action happened during US hours, which accounted for 89% of the day's net flow (2,634 BTC selling). The rest of the day was a footnote.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Flow and price moved in lockstep (correlation: 0.99). Aggressor-side selling translated directly into price movement with minimal resistance.
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 -0.61%, Europe -0.87%, US -4.71%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.61% | -163 BTC | 5% |
| Europe | 08:00 - 14:00 | -0.87% | -158 BTC | 5% |
| US | 14:00 - 00:00 | -4.71% | -2634 BTC | 89% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Even by chop-regime standards, -6.11% was extreme — -2.7σ from the +0.10% average. This wasn't a normal chop day.
Net flow of -2,955 BTC was elevated at -1.9σ vs the chop-regime average of -670 BTC.
Related Days
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