BTC Flow Analysis — February 03, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 8,007,846 trades
Summary
February 03, 2023: Bitcoin traded flat. The 284 BTC of net selling flow at $23,432 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
22 bars of outsized trades (peak 4.5σ) appeared between 01:53–15:43 UTC, with whale flow netting 73 BTC of buying.
Most of the action happened during US hours, which accounted for 66% of the day's net flow (583 BTC selling). The rest of the day was a footnote.
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
A tale of two halves — buyers pushed 661 BTC through the morning, then sellers flipped the script with 945 BTC in the afternoon.
All three sessions posted small moves: Asia -0.14%, Europe -0.47%, US +0.37% — a balanced day with no clear regional driver.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.14% | 150 BTC | 17% |
| Europe | 08:00 - 14:00 | -0.47% | 148 BTC | 17% |
| US | 14:00 - 00:00 | 0.37% | -583 BTC | 66% |
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 +3.4σ above the regime norm (332,571 BTC). When volume spikes like this, the flow data carries more weight.
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