BTC Flow Analysis — August 19, 2023 BEAR
Saturday · Minute-level BTC order flow from Binance · 615,764 trades
Summary
August 19, 2023: Bitcoin finished near unchanged (+0.18%). The 256 BTC of net selling flow at $26,100 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
Large-player activity detected: 19 bars with trade sizes 3σ+ above normal (peak: 7.0σ) between 03:46–21:38 UTC. Whale flow netted 432 BTC of buying.
Price followed flow faithfully (correlation: 0.90). 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
Most of the action happened during Asia hours, which accounted for 60% of the day's net flow (733 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 861 BTC through the morning, then buyers flipped the script with 605 BTC in the afternoon.
Breaking it down by session: Asia -0.52%, Europe +0.03%, US +0.67%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.52% | -733 BTC | 60% |
| Europe | 08:00 - 14:00 | 0.03% | -3 BTC | 0% |
| US | 14:00 - 00:00 | 0.67% | 479 BTC | 39% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 3 of a fresh bear regime. The market had just flipped from chop, and the new character was still establishing itself.
The selling streak extended to 11 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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