BTC Flow Analysis — June 11, 2023 BEAR
Sunday · Minute-level BTC order flow from Binance · 833,902 trades
Summary
June 11, 2023: Bitcoin ground out a +0.33% gain. The 1,482 BTC of net selling flow at $25,926 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
A textbook absorption day. Sellers hit the bid aggressively (correlation between cumulative flow and price: -0.62), but price still climbed +0.33%. The buying was passive — limit orders soaking up the supply.
Whale-sized trades (26 bars above 3σ, peak 12.9σ) pushed 86 BTC of net buying between 01:01–23:36 UTC — while price went the other way. Possible accumulation, possible pain.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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 -0.39%, Europe -0.15%, US +0.86%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.39% | -410 BTC | 28% |
| Europe | 08:00 - 14:00 | -0.15% | -575 BTC | 39% |
| US | 14:00 - 00:00 | 0.86% | -497 BTC | 34% |
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 bear-regime day. The +0.33% return was consistent with the period's average of -0.27%.
Related Days
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