Tuesday · Minute-level BTC order flow from Binance · 4,480,562 trades
January 07, 2025: Bitcoin dropped 5.2% in a sharp selloff. The 2,430 BTC of net selling flow at $96,955 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).
Sustained large-player selling throughout the day. 25 bars with trade sizes 3σ+ above normal (peak: 12.9σ), spread across 01:41–22:53 UTC. The 112 BTC of whale flow reinforced the day's selling bias.
Most of the action happened during US hours, which accounted for 63% of the day's net flow (1,520 BTC selling). The rest of the day was a footnote.
Net selling for 6 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Price followed flow faithfully (correlation: 0.99). 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.
Breaking it down by session: Asia -0.56%, Europe -1.01%, US -3.66%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.56% | -196 BTC | 8% |
| Europe | 08:00 - 14:00 | -1.01% | -713 BTC | 29% |
| US | 14:00 - 00:00 | -3.66% | -1520 BTC | 63% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Even by chop-regime standards, -5.17% was extreme — -2.3σ from the +0.10% average. This wasn't a normal chop day.
A -1.6σ day — selling pressure exceeded the typical chop-regime flow (-670 BTC) by a notable margin.
Days with similar flow patterns and market conditions.
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