BTC Flow Analysis — April 25, 2025 CHOP
Friday · Minute-level BTC order flow from Binance · 3,331,828 trades
Summary
April 25, 2025: Bitcoin edged higher (+0.70%). The 1,356 BTC of net selling flow at $94,639 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
A textbook absorption day. Sellers hit the bid aggressively (correlation between cumulative flow and price: -0.70), but price still climbed +0.70%. The buying was passive — limit orders soaking up the supply.
The big players were active all day. 22 bars of outsized trades (6.2σ peak) from 01:51–23:27 UTC, adding 9 BTC of selling pressure on top of the broader selling flow.
Most of the action happened during US hours, which accounted for 98% of the day's net flow (1,385 BTC selling). The rest of the day was a footnote.
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 — buyers pushed 340 BTC through the morning, then sellers flipped the script with 1,696 BTC in the afternoon.
Breaking it down by session: Asia -0.22%, Europe +0.67%, US +0.25%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.22% | 30 BTC | 2% |
| Europe | 08:00 - 14:00 | 0.67% | -1 BTC | 0% |
| US | 14:00 - 00:00 | 0.25% | -1385 BTC | 98% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this chop period. Within 1 day(s), the market would flip to bull.
The selling streak extended to 3 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
Days with similar flow patterns and market conditions.
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