BTC Flow Analysis — August 18, 2023 BEAR
Friday · Minute-level BTC order flow from Binance · 1,293,122 trades
Summary
Bitcoin closed at $26,054 on August 18, 2023 after lost 2.1%. Aggressor-side flow netted -2,746 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
Sustained large-player selling throughout the day. 28 bars with trade sizes 3σ+ above normal (peak: 11.9σ), spread across 00:34–23:43 UTC. The 15 BTC of whale flow reinforced the day's selling bias.
This was day 10 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.88). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 Asia session posted the largest move. Full breakdown: Asia -0.73%, Europe -0.71%, US -0.72%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.73% | 328 BTC | 10% |
| Europe | 08:00 - 14:00 | -0.71% | -1567 BTC | 46% |
| US | 14:00 - 00:00 | -0.72% | -1507 BTC | 44% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 2 day(s) into a new bear regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
Related Days
Days with similar flow patterns and market conditions.
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