BTC Flow Analysis — September 09, 2025 CHOP
Tuesday · Minute-level BTC order flow from Binance · 2,143,242 trades
Summary
September 09, 2025: Bitcoin drifted lower (-0.46%). The 185 BTC of net selling flow at $111,546 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
40 bars of outsized trades (peak 12.3σ) appeared between 00:39–23:57 UTC, with whale flow netting 145 BTC of buying.
Net selling for 10 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Most of the action happened during Europe hours, which accounted for 68% of the day's net flow (351 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 264 BTC through the morning, then buyers flipped the script with 80 BTC in the afternoon.
Breaking it down by session: Asia +0.83%, Europe -0.20%, US -1.08%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.83% | 28 BTC | 5% |
| Europe | 08:00 - 14:00 | -0.20% | -351 BTC | 68% |
| US | 14:00 - 00:00 | -1.08% | 138 BTC | 27% |
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 chop-regime day. The -0.46% return was consistent with the period's average of +0.10%.
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