BTC Flow Analysis — February 13, 2023 CHOP
Monday · Minute-level BTC order flow from Binance · 6,503,611 trades
Summary
Bitcoin finished near unchanged (-0.04%) on Monday, February 13, 2023, closing at $21,774 as sellers controlled aggregate flow with 1,288 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
The big players were active all day. 15 bars of outsized trades (5.4σ peak) from 00:45–19:31 UTC, adding 826 BTC of selling pressure on top of the broader selling 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
Europe traders set the tone. 89% of directional flow — 1,379 BTC of selling — came from that single session.
Session returns: Asia +0.39%, Europe -1.35%, US +0.93%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.39% | 131 BTC | 8% |
| Europe | 08:00 - 14:00 | -1.35% | -1379 BTC | 89% |
| US | 14:00 - 00:00 | 0.93% | -40 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 2 of a fresh chop regime. The market had just flipped from bull, and the new character was still establishing itself.
Trading activity surged to +2.7σ above the regime norm (295,731 BTC). When volume spikes like this, the flow data carries more weight.
The selling streak extended to 6 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
Days with similar flow patterns and market conditions.
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