BTC Flow Analysis — February 06, 2023 BULL
Monday · Minute-level BTC order flow from Binance · 6,956,395 trades
Summary
Bitcoin drifted lower (-0.74%) on Monday, February 06, 2023, closing at $22,763 as sellers controlled aggregate flow with 671 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 Analysis
Sustained large-player selling throughout the day. 16 bars with trade sizes 3σ+ above normal (peak: 4.3σ), spread across 02:24–23:00 UTC. The 476 BTC of whale flow reinforced the day's selling bias.
Flow reversed midday. The first 12 hours belonged to buyers (+55 BTC), but sellers erased that and then some (-726 BTC) in the back half.
Net selling for 5 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Flow and price moved in lockstep (correlation: 0.90). Aggressor-side selling translated directly into price movement with minimal resistance.
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
US traders set the tone. 65% of directional flow — 436 BTC of selling — came from that single session.
No single session dominated price action: Asia -0.23%, Europe -0.23%, US -0.29%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.23% | -7 BTC | 1% |
| Europe | 08:00 - 14:00 | -0.23% | -227 BTC | 34% |
| US | 14:00 - 00:00 | -0.29% | -436 BTC | 65% |
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 265,372 BTC — +2.5σ above the bull-regime baseline. The market was paying attention.
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