BTC Flow Analysis — February 01, 2023 BULL
Wednesday · Minute-level BTC order flow from Binance · 7,863,213 trades
Summary
On Wednesday, February 01, 2023, Bitcoin rallied +2.6% to $23,733. Net flow: +1,425 BTC — buyers had the edge.
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
The big players were active all day. 12 bars of outsized trades (7.1σ peak) from 01:39–22:21 UTC, adding 911 BTC of buying pressure on top of the broader buying flow.
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
Strip out US and the day would look flat. That session alone contributed 69% of the net flow (2,623 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-757 BTC), buyers dominated late (+2,182 BTC).
Across sessions: Asia -0.21%, Europe +0.04%, US +2.80% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.21% | -535 BTC | 14% |
| Europe | 08:00 - 14:00 | 0.04% | -663 BTC | 17% |
| US | 14:00 - 00:00 | 2.80% | 2623 BTC | 69% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Unusually heavy volume at 310,790 BTC — +3.1σ above the bull-regime baseline. The market was paying attention.
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