BTC Flow Analysis — February 25, 2023 BULL
Saturday · Minute-level BTC order flow from Binance · 9,124,568 trades
Summary
February 25, 2023: Bitcoin finished near unchanged (-0.12%). The 2,432 BTC of net selling flow at $23,157 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
Sustained large-player selling throughout the day. 15 bars with trade sizes 3σ+ above normal (peak: 6.8σ), spread across 00:55–20:45 UTC. The 903 BTC of whale flow reinforced the day's selling bias.
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
Most of the action happened during Europe hours, which accounted for 64% of the day's net flow (1,562 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -0.29%, Europe -0.49%, US +0.67%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.29% | -178 BTC | 7% |
| Europe | 08:00 - 14:00 | -0.49% | -1562 BTC | 64% |
| US | 14:00 - 00:00 | 0.67% | -691 BTC | 28% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this bull period. Within 3 day(s), the market would flip to chop.
The selling streak extended to 5 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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