BTC Flow Analysis — May 04, 2023 CHOP
Thursday · Minute-level BTC order flow from Binance · 961,542 trades
Summary
Bitcoin closed at $28,838 on May 04, 2023 after slipped 0.65%. Aggressor-side flow netted -1,635 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
17 bars of outsized trades (peak 6.4σ) appeared between 00:54–23:14 UTC, with whale flow netting 297 BTC of buying.
A clean, flow-driven day. The 0.88 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 posted the largest move. Full breakdown: Asia +0.11%, Europe -1.02%, US +0.27%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.11% | 168 BTC | 9% |
| Europe | 08:00 - 14:00 | -1.02% | -866 BTC | 44% |
| US | 14:00 - 00:00 | 0.27% | -937 BTC | 48% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The selling streak extended to 4 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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