BTC Flow Analysis — March 20, 2023 BEAR
Monday · Minute-level BTC order flow from Binance · 11,775,950 trades
Summary
On Monday, March 20, 2023, Bitcoin slipped 0.91% to $27,717. Net flow: +2,152 BTC — buyers had the edge.
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
Someone was moving size. 9 bars between 01:02–08:18 UTC registered trade sizes 3σ+ above normal (peak: 6.3σ), pushing 39 BTC net buying.
This was day 9 of consecutive net buying. Multi-day streaks reflect sustained conviction, not noise.
A clean, flow-driven day. The 0.81 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
Morning and afternoon traded like two different markets. Buyers led early (+2,361 BTC), sellers dominated late (-209 BTC).
Across sessions: Asia +0.75%, Europe -1.28%, US -0.37% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.75% | 1179 BTC | 55% |
| Europe | 08:00 - 14:00 | -1.28% | 424 BTC | 20% |
| US | 14:00 - 00:00 | -0.37% | 548 BTC | 25% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bear regime was running out of road — 2 day(s) before the market shifted to bull. The transition was already underway in hindsight.
Unusually heavy volume at 477,378 BTC — +3.5σ above the bear-regime baseline. The market was paying attention.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard