BTC Flow Analysis — March 13, 2023 BEAR
Monday · Minute-level BTC order flow from Binance · 14,820,760 trades
Summary
Bitcoin closed at $24,113 on March 13, 2023 after exploded 9.6% higher. Aggressor-side flow netted +5,487 BTC, favoring buyers.
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: 10 bars with trade sizes 3σ+ above normal (peak: 4.7σ) between 00:40–14:34 UTC. Whale flow netted 569 BTC of selling.
From $21,814 to $24,500 — a 12.2% range that forced both bulls and bears to respect the volatility.
A clean, flow-driven day. The 0.98 correlation between cumulative flow and price means buying pressure was the dominant force — no hidden passive flow muddying the signal.
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 69% of the day's directional flow, with 3,760 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +2.09%, Europe +0.09%, US +7.27%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.09% | 603 BTC | 11% |
| Europe | 08:00 - 14:00 | 0.09% | 1124 BTC | 20% |
| US | 14:00 - 00:00 | 7.27% | 3760 BTC | 69% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At +2.1σ from the bear-regime average, this was one of the most intense buying days in the period — 5,487 BTC of net pressure overwhelmed the typical flow pattern.
A statistical outlier: +9.62% return sits at +2.7σ from the bear-regime average of -0.27%. Days like this are rare within this regime.
Volume ran hot: 687,889 BTC traded, +5.4σ above the bear-regime average. High volume days tend to carry more signal.
Related Days
Days with similar flow patterns and market conditions.
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