BTC Flow Analysis — August 15, 2023 CHOP
Tuesday · Minute-level BTC order flow from Binance · 591,162 trades
Summary
Bitcoin closed at $29,200 on August 15, 2023 after slipped 0.78%. Aggressor-side flow netted -2,001 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. 21 bars of outsized trades (6.1σ peak) from 01:10–18:54 UTC, adding 297 BTC of selling pressure on top of the broader selling flow.
Day 7 of unbroken net selling. The market had a directional lean and wasn't letting go.
A clean, flow-driven day. The 0.93 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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 US session drove 76% of the day's directional flow, with 1,539 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.08%, Europe -0.11%, US -0.60%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.08% | 13 BTC | 1% |
| Europe | 08:00 - 14:00 | -0.11% | -475 BTC | 23% |
| US | 14:00 - 00:00 | -0.60% | -1539 BTC | 76% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The chop regime was running out of road — 1 day(s) before the market shifted to bear. The transition was already underway in hindsight.
Related Days
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