BTC Flow Analysis — March 10, 2023 BEAR
Friday · Minute-level BTC order flow from Binance · 12,106,261 trades
Summary
Bitcoin closed at $20,151 on March 10, 2023 after slipped 1.04%. Aggressor-side flow netted -2,145 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
The big players were active all day. 11 bars of outsized trades (4.8σ peak) from 00:11–14:51 UTC, adding 1,058 BTC of selling pressure on top of the broader selling flow.
The day split in half. Sellers controlled the first 12 hours (-2,642 BTC), then buyers took over (+497 BTC). The reversal changed the character of the day.
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 Asia session posted the largest move. Full breakdown: Asia -2.01%, Europe +1.16%, US -0.17%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.01% | -953 BTC | 44% |
| Europe | 08:00 - 14:00 | 1.16% | -1029 BTC | 48% |
| US | 14:00 - 00:00 | -0.17% | -162 BTC | 8% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bear regime (day 2), with the chop regime barely in the rearview mirror.
Volume ran hot: 618,456 BTC traded, +4.8σ above the bear-regime average. High volume days tend to carry more signal.
The selling streak extended to 4 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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