Open
$30,232
Close
$30,138
Return
-0.31%
Net Flow
-2,178 BTC
Volume
30,883 BTC
Buy/Sell Ratio
0.87

Summary

On Monday, July 17, 2023, Bitcoin gave back 0.31% to $30,138. Net flow: -2,178 BTC — sellers had the edge.

BTC price and volume for July 17, 2023

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

30 bars of outsized trades (peak 6.5σ) appeared between 01:02–23:53 UTC, with whale flow netting 33 BTC of buying.

Net selling for 4 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.

Cumulative flow vs return for July 17, 2023

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 US and the day would look flat. That session alone contributed 70% of the net flow (1,520 BTC selling).

Session returns were muted across the board: Asia +0.16%, Europe +0.02%, US -0.49%.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.16% -92 BTC 4%
Europe 08:00 - 14:00 0.02% -567 BTC 26%
US 14:00 - 00:00 -0.49% -1520 BTC 70%
Buy vs sell volume for July 17, 2023

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 — 3 day(s) before the market shifted to chop. The transition was already underway in hindsight.

Patterns: bull whale-activity us-dominated regime-end flow-streak

Related Days

Days with similar flow patterns and market conditions.

Apr 07, 2022BULL
+0.63%
whale-activity us-dominated regime-end flow-streak
Aug 04, 2022BULL
-0.85%
whale-activity us-dominated regime-end flow-streak
Jul 20, 2023BULL
-0.37%
whale-activity us-dominated regime-end flow-streak
Nov 21, 2023BULL
-4.56%
whale-activity us-dominated regime-end flow-streak
Aug 07, 2024BULL
-1.58%
whale-activity flow-reversal us-dominated regime-end flow-streak

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