BTC Flow Analysis — June 07, 2023 BEAR
Wednesday · Minute-level BTC order flow from Binance · 1,311,928 trades
Summary
June 07, 2023: Bitcoin sold off -3.3%. The 3,428 BTC of net selling flow at $26,339 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
Sustained large-player selling throughout the day. 13 bars with trade sizes 3σ+ above normal (peak: 6.2σ), spread across 01:00–23:55 UTC. The 183 BTC of whale flow reinforced the day's selling bias.
Flow and price moved in lockstep (correlation: 0.94). Aggressor-side selling translated directly into price movement with minimal resistance.
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
Breaking it down by session: Asia -1.59%, Europe +0.08%, US -1.79%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.59% | -733 BTC | 21% |
| Europe | 08:00 - 14:00 | 0.08% | -1169 BTC | 34% |
| US | 14:00 - 00:00 | -1.79% | -1527 BTC | 45% |
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 3), with the chop regime barely in the rearview mirror.
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