$9.59 Billion Overnight. 19 Symbols Above $100 Million.
The overnight ATS tape printed $9.59 billion across BlueOcean ($8.05B), Bruce Markets ($1.29B), and Moon ATS ($251M) on Sunday night into Monday morning. It is the second-largest combined session we have recorded, behind only the February 2 metals blowout ($10.5B on BlueOcean alone). All three venues ranked the same top names in the same order: MU, NVDA, MSFT, INTC, SOXL.
// 01Institutional Depth by Tier
The raw session size is one number. What matters more for institutional readers is how many names printed at institutional thresholds. We filtered the tape at four levels and compared to trailing averages.
| Tier | Jun 1 | 5d avg | 30d avg | 90d avg | vs 90d |
|---|---|---|---|---|---|
| $50K+ | 1,229 | 1,047 | 909 | 887 | +39% |
| $1M+ | 374 | 315 | 266 | 246 | +52% |
| $10M+ | 89 | 79 | 65 | 58 | +52% |
| $100M+ | 19 | 11 | 9 | 8 | +127% |
The $100M+ tier is the standout: 19 symbols cleared $100 million overnight, more than double the 90-day average of 8. At the $10M+ level, 89 names cleared institutional size versus a 90-day average of 58 (+52%). The depth increase is consistent across every tier, which means the whole distribution shifted right, not just the mega-cap tail.
Click to expand// 02Flow Clusters
Running k-means (k=5) on the session's log-notional and log-volume dimensions separates the tape into its natural structure.
| Cluster | Symbols | Notional | Top names |
|---|---|---|---|
| Mega-flow core | 90 | $6.94B | MU, NVDA, SOXL, MSFT, INTC |
| Mid-cap active | 181 | $517M | GLW, ZS, BIL |
| Growth/tech ring | 248 | $462M | CRWD, ASML, GEV |
| Long tail (low vol) | 397 | $58M | MELI, FIX, MA |
| Long tail (wide) | 313 | $70M | SERV, S, DJT |
90 names in the mega-flow core drove $6.94B, or 86% of the session's notional. The growth/tech ring (248 names, $462M) is where the new entrants from last week sit: CRM, ADBE, CRWD, and ASML all crossed into this cluster. The long tail of 710 names collectively contributed $128M. The structure is consistent with prior sessions but the mid-cap active layer (181 symbols, $517M) is thicker than usual, which supports the breadth narrative.
Click to expand// 03The Five-Session Trend
The post-Memorial-Day overnight tape is now five sessions deep. The pattern is not a spike. It is a re-leveling.
| Date | 3-Venue Total | $10M+ symbols | $100M+ symbols |
|---|---|---|---|
| May 26 (Tue) | $6.10B | 90 | 12 |
| May 27 (Wed) | $6.61B | 68 | 10 |
| May 28 (Thu) | $6.59B | 80 | 10 |
| May 29 (Fri) | $3.87B | 66 | 7 |
| Jun 1 (Mon) | $9.59B | 89 | 19 |
Friday dipped to $3.87B (typical Friday compression). Monday came back at $9.59B with the deepest $100M+ count of the five sessions. The overnight tape doubled out of Memorial Day week and has not reverted.
Three venues. Same top names. Same order. BlueOcean, Bruce Markets, and Moon ATS independently ranked MU, NVDA, MSFT, and INTC in the same positions. When three separate tapes corroborate the same institutional flow on the same night, the signal is not venue-specific. It is market-wide.
Source: Sapinover 3-venue overnight ATS pipeline (BlueOcean, Bruce Markets, Moon ATS). Institutional filter: $50K minimum notional. Data as of June 1, 2026 pre-enrichment. Full methodology at /support.