BTC Flow Analysis — May 31, 2025 CHOP
Saturday · Minute-level BTC order flow from Binance · 2,343,787 trades
Summary
Bitcoin closed at $104,592 on May 31, 2025 after ticked up 0.58%. Aggressor-side flow netted -731 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
Aggressor-side sellers pushed flow negative throughout the day (flow-price correlation: -0.38), yet price finished up +0.58%. Passive buyers on the bid absorbed the selling without showing up in aggressor-side data.
The big players were active all day. 49 bars of outsized trades (9.0σ peak) from 01:29–23:25 UTC, adding 302 BTC of selling pressure on top of the broader selling flow.
Net selling for 7 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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 drove 62% of the day's directional flow, with 493 BTC of net selling. The other two sessions were comparatively quiet.
Session returns were muted across the board: Asia -0.23%, Europe +0.36%, US +0.46%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.23% | -493 BTC | 62% |
| Europe | 08:00 - 14:00 | 0.36% | 31 BTC | 4% |
| US | 14:00 - 00:00 | 0.46% | -270 BTC | 34% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 1 of a fresh chop regime. The market had just flipped from bull, and the new character was still establishing itself.
Related Days
Days with similar flow patterns and market conditions.
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