Wednesday · Minute-level BTC order flow from Binance · 2,429,625 trades
Bitcoin ticked up +0.74% on Wednesday, July 16, 2025, closing at $118,630 as sellers controlled aggregate flow with 328 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 said sell, price said buy. The -0.30 correlation between cumulative flow and return tells the story: someone was absorbing the selling quietly while price rose +0.74%.
The big players were active all day. 31 bars of outsized trades (19.1σ peak) from 00:26–23:19 UTC, adding 20 BTC of selling pressure on top of the broader selling flow.
Flow reversed midday. The first 12 hours belonged to buyers (+206 BTC), but sellers erased that and then some (-534 BTC) in the back half.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
US traders set the tone. 70% of directional flow — 419 BTC of selling — came from that single session.
Session returns were muted across the board: Asia +0.37%, Europe +0.43%, US -0.06%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.37% | 133 BTC | 22% |
| Europe | 08:00 - 14:00 | 0.43% | -42 BTC | 7% |
| US | 14:00 - 00:00 | -0.06% | -419 BTC | 70% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
This day sat within a bull regime. The +0.74% return tracked the regime average of +0.34%.
Days with similar flow patterns and market conditions.
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