BTC Flow Analysis — February 14, 2023 CHOP
Tuesday · Minute-level BTC order flow from Binance · 7,695,927 trades
Summary
Bitcoin ticked up +1.95% on Tuesday, February 14, 2023, closing at $22,200 as buyers controlled aggregate flow with 2,055 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. 17 bars of outsized trades (5.2σ peak) from 02:09–22:28 UTC, adding 1,093 BTC of buying pressure on top of the broader buying flow.
Price followed flow faithfully (correlation: 0.93). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 — 1,342 BTC of buying — came from that single session.
Session returns: Asia -0.03%, Europe -0.22%, US +2.21%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.03% | 359 BTC | 17% |
| Europe | 08:00 - 14:00 | -0.22% | 354 BTC | 17% |
| US | 14:00 - 00:00 | 2.21% | 1342 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
Day 3 of a fresh chop regime. The market had just flipped from bull, and the new character was still establishing itself.
Trading activity surged to +3.5σ above the regime norm (361,958 BTC). When volume spikes like this, the flow data carries more weight.
Related Days
Days with similar flow patterns and market conditions.
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