BTC Flow Analysis — May 23, 2025 BULL
Friday · Minute-level BTC order flow from Binance · 5,251,192 trades
Summary
Bitcoin fell 3.9% on Friday, May 23, 2025, closing at $107,318 as sellers controlled aggregate flow with 3,119 BTC of net pressure.
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. 32 bars with trade sizes 3σ+ above normal (peak: 9.6σ), spread across 00:16–23:22 UTC. The 531 BTC of whale flow reinforced the day's selling bias.
A clean, flow-driven day. The 0.91 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
Europe traders set the tone. 67% of directional flow — 2,076 BTC of selling — came from that single session.
Session returns: Asia -0.88%, Europe -0.98%, US -2.11%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.88% | -450 BTC | 14% |
| Europe | 08:00 - 14:00 | -0.98% | -2076 BTC | 67% |
| US | 14:00 - 00:00 | -2.11% | -593 BTC | 19% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
With -3,119 BTC of net flow (-1.8σ), selling pressure ran above the bull-regime baseline of -386 BTC.
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