BTC Flow Analysis — June 23, 2025 CHOP
Monday · Minute-level BTC order flow from Binance · 4,944,207 trades
Summary
On Monday, June 23, 2025, Bitcoin pushed +4.3% higher to $105,334. Net flow: -850 BTC — sellers had the edge.
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
Despite persistent sell-side aggression (flow-price correlation -0.50), price rose +4.33%. This divergence typically signals strong passive demand — buyers who don't need to cross the spread.
Large players were on the wrong side — or the patient side. 25 bars of outsized trade sizes (peak 9.9σ) showed net buying, but price moved against them. Either they were accumulating into weakness or got caught.
Day 14 of unbroken net selling. The market had a directional lean and wasn't letting go.
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
Strip out Europe and the day would look flat. That session alone contributed 68% of the net flow (597 BTC selling).
Across sessions: Asia +0.96%, Europe +0.42%, US +2.91% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.96% | 11 BTC | 1% |
| Europe | 08:00 - 14:00 | 0.42% | -597 BTC | 68% |
| US | 14:00 - 00:00 | 2.91% | -265 BTC | 30% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a chop regime. The +4.33% return tracked the regime average of +0.10%.
Related Days
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