BTC Flow Analysis — July 05, 2023 BULL
Wednesday · Minute-level BTC order flow from Binance · 827,926 trades
Summary
Bitcoin closed at $30,505 on July 05, 2023 after gave back 0.85%. Aggressor-side flow netted -1,977 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
The big players were active all day. 19 bars of outsized trades (8.5σ peak) from 00:34–23:03 UTC, adding 243 BTC of selling pressure on top of the broader selling flow.
The day split in half. Sellers controlled the first 12 hours (-2,160 BTC), then buyers took over (+182 BTC). The reversal changed the character of the day.
This was day 14 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.93). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 +0.03%, Europe -1.35%, US +0.49%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.03% | -1035 BTC | 33% |
| Europe | 08:00 - 14:00 | -1.35% | -1541 BTC | 49% |
| US | 14:00 - 00:00 | 0.49% | 598 BTC | 19% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bull regime was running out of road — 0 day(s) before the market shifted to chop. The transition was already underway in hindsight.
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