BTC Flow Analysis — January 27, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 7,079,096 trades
Summary
January 27, 2023: Bitcoin traded flat. The 1,435 BTC of net selling flow at $23,074 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).
Flow Analysis
Sustained large-player selling throughout the day. 15 bars with trade sizes 3σ+ above normal (peak: 4.9σ), spread across 00:18–19:55 UTC. The 126 BTC of whale flow reinforced the day's selling bias.
This was day 7 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Most of the action happened during Europe hours, which accounted for 72% of the day's net flow (1,150 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia +0.27%, Europe -0.75%, US +0.76%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.27% | -362 BTC | 23% |
| Europe | 08:00 - 14:00 | -0.75% | -1150 BTC | 72% |
| US | 14:00 - 00:00 | 0.76% | 78 BTC | 5% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Trading activity surged to +2.7σ above the regime norm (280,834 BTC). When volume spikes like this, the flow data carries more weight.
Related Days
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