BTC Flow Analysis — February 19, 2023 BULL
Sunday · Minute-level BTC order flow from Binance · 7,660,484 trades
Summary
Bitcoin closed at $24,272 on February 19, 2023 after gave back 1.46%. Aggressor-side flow netted -1,035 BTC, favoring sellers.
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
Large-player activity detected: 30 bars with trade sizes 3σ+ above normal (peak: 4.0σ) between 00:25–17:05 UTC. Whale flow netted 396 BTC of buying.
The day split in half. Buyers controlled the first 12 hours (+308 BTC), then sellers took over (-1,343 BTC). The reversal changed the character of the day.
Price followed flow faithfully (correlation: 0.95). 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
The US session drove 81% of the day's directional flow, with 1,356 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.20%, Europe +0.36%, US -1.62%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.20% | 178 BTC | 11% |
| Europe | 08:00 - 14:00 | 0.36% | 142 BTC | 8% |
| US | 14:00 - 00:00 | -1.62% | -1356 BTC | 81% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Volume ran hot: 300,396 BTC traded, +2.9σ above the bull-regime average. High volume days tend to carry more signal.
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