BTC Flow Analysis — July 26, 2023 CHOP
Wednesday · Minute-level BTC order flow from Binance · 750,401 trades
Summary
Bitcoin edged higher (+0.42%) on Wednesday, July 26, 2023, closing at $29,352 as sellers controlled aggregate flow with 1,956 BTC of net pressure.
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
Flow said sell, price said buy. The -0.62 correlation between cumulative flow and return tells the story: someone was absorbing the selling quietly while price rose +0.42%.
The big players were active all day. 33 bars of outsized trades (7.0σ peak) from 01:38–23:15 UTC, adding 219 BTC of selling pressure on top of the broader selling flow.
Net selling for 13 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
No single session dominated price action: Asia -0.04%, Europe +0.31%, US +0.15%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.04% | -895 BTC | 46% |
| Europe | 08:00 - 14:00 | 0.31% | -419 BTC | 21% |
| US | 14:00 - 00:00 | 0.15% | -641 BTC | 33% |
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 +0.42% return against a regime average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
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