BTC Flow Analysis — June 05, 2023 BEAR
Monday · Minute-level BTC order flow from Binance · 1,420,829 trades
Summary
On Monday, June 05, 2023, Bitcoin plunged -5.1% to $25,728. Net flow: -4,639 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
The big players were active all day. 12 bars of outsized trades (8.5σ peak) from 00:19–22:56 UTC, adding 411 BTC of selling pressure on top of the broader selling flow.
Net selling for 8 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
A clean, flow-driven day. The 0.94 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
Across sessions: Asia -1.05%, Europe -0.38%, US -3.74% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.05% | -1650 BTC | 36% |
| Europe | 08:00 - 14:00 | -0.38% | -986 BTC | 21% |
| US | 14:00 - 00:00 | -3.74% | -2002 BTC | 43% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bear regime (day 1), with the chop regime barely in the rearview mirror.
With -4,639 BTC of net flow (-1.8σ), selling pressure ran above the bear-regime baseline of -1,189 BTC.
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