BTC Flow Analysis — March 24, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 1,511,137 trades
Summary
On Friday, March 24, 2023, Bitcoin fell 3.0% to $27,454. Net flow: -3,343 BTC — sellers 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
The big players were active all day. 18 bars of outsized trades (5.3σ peak) from 02:03–19:08 UTC, adding 519 BTC of selling pressure on top of the broader selling flow.
A clean, flow-driven day. The 0.95 correlation between cumulative flow and price means selling 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
Across sessions: Asia -0.07%, Europe -0.69%, US -2.23% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.07% | -581 BTC | 17% |
| Europe | 08:00 - 14:00 | -0.69% | -807 BTC | 24% |
| US | 14:00 - 00:00 | -2.23% | -1955 BTC | 58% |
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 bull regime (day 2), with the bear regime barely in the rearview mirror.
With -3,343 BTC of net flow (-2.0σ), selling pressure ran above the bull-regime baseline of -386 BTC.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard