BTC Flow Analysis — June 15, 2023 BEAR
Thursday · Minute-level BTC order flow from Binance · 943,268 trades
Summary
On Thursday, June 15, 2023, Bitcoin edged higher (+1.87%) to $25,598. Net flow: -593 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. 24 bars of outsized trades (7.5σ peak) from 01:22–17:43 UTC, adding 686 BTC of selling pressure on top of the broader selling flow.
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
Strip out Asia and the day would look flat. That session alone contributed 69% of the net flow (1,061 BTC selling).
Morning and afternoon traded like two different markets. Sellers led early (-979 BTC), buyers dominated late (+386 BTC).
Across sessions: Asia -0.58%, Europe +0.29%, US +2.17% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.58% | -1061 BTC | 69% |
| Europe | 08:00 - 14:00 | 0.29% | 449 BTC | 29% |
| US | 14:00 - 00:00 | 2.17% | 19 BTC | 1% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this bear period. Within 3 day(s), the market would flip to chop.
The selling streak extended to 9 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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