BTC Flow Analysis — August 03, 2023 CHOP
Thursday · Minute-level BTC order flow from Binance · 651,970 trades
Summary
August 03, 2023: Bitcoin went nowhere. The 675 BTC of net selling flow at $29,194 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
Sustained large-player selling throughout the day. 23 bars with trade sizes 3σ+ above normal (peak: 7.7σ), spread across 01:05–23:38 UTC. The 1 BTC of whale flow reinforced the day's selling bias.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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 76% of the day's net flow (781 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 869 BTC through the morning, then buyers flipped the script with 194 BTC in the afternoon.
Breaking it down by session: Asia -0.49%, Europe +0.52%, US -0.01%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.49% | -781 BTC | 76% |
| Europe | 08:00 - 14:00 | 0.52% | -69 BTC | 7% |
| US | 14:00 - 00:00 | -0.01% | 176 BTC | 17% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a chop-regime day. The +0.03% return was consistent with the period's average of +0.10%.
Related Days
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