BTC Flow Analysis — March 14, 2023 BEAR
Tuesday · Minute-level BTC order flow from Binance · 15,223,589 trades
Summary
Bitcoin rallied +2.3% on Tuesday, March 14, 2023, closing at $24,670 as buyers controlled aggregate flow with 4,117 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
Sustained large-player buying throughout the day. 16 bars with trade sizes 3σ+ above normal (peak: 3.9σ), spread across 00:14–18:50 UTC. The 1,984 BTC of whale flow reinforced the day's buying bias.
Flow reversed midday. The first 12 hours belonged to buyers (+4,417 BTC), but sellers erased that and then some (-300 BTC) in the back half.
Net buying for 3 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
From $23,976 to $26,387 — a 10.0% range that forced both bulls and bears to respect the volatility.
Flow and price moved in lockstep (correlation: 0.94). Aggressor-side buying translated directly into price movement with minimal resistance.
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
Session returns: Asia +0.56%, Europe +6.24%, US -4.24%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.56% | 2786 BTC | 23% |
| Europe | 08:00 - 14:00 | 6.24% | 5273 BTC | 44% |
| US | 14:00 - 00:00 | -4.24% | -3943 BTC | 33% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Net flow of +4,117 BTC was elevated at +1.6σ vs the bear-regime average of -1,189 BTC.
Trading activity surged to +5.5σ above the regime norm (699,361 BTC). When volume spikes like this, the flow data carries more weight.
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