BTC Flow Analysis — July 25, 2023 CHOP
Tuesday · Minute-level BTC order flow from Binance · 533,797 trades
Summary
July 25, 2023: Bitcoin traded flat. The 1,051 BTC of net selling flow at $29,229 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
The big players were active all day. 20 bars of outsized trades (5.1σ peak) from 01:24–23:18 UTC, adding 139 BTC of selling pressure on top of the broader selling flow.
A disconnect between flow and price (correlation: -0.48). Neither buyers nor sellers could convert aggressor-side pressure into directional movement.
Day 12 of unbroken net selling. The market had a directional lean and wasn't letting go.
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
Most of the action happened during Asia hours, which accounted for 69% of the day's net flow (727 BTC selling). The rest of the day was a footnote.
No single session dominated price action: Asia -0.12%, Europe +0.46%, US -0.17%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.12% | -727 BTC | 69% |
| Europe | 08:00 - 14:00 | 0.46% | -43 BTC | 4% |
| US | 14:00 - 00:00 | -0.17% | -282 BTC | 27% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were chop — and this day didn't deviate. A +0.18% return against a regime average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard