BTC Flow Analysis — April 05, 2023 BULL
Wednesday · Minute-level BTC order flow from Binance · 1,262,730 trades
Summary
Bitcoin finished near unchanged (+0.02%) on Wednesday, April 05, 2023, closing at $28,170 as buyers controlled aggregate flow with 376 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: 9.0σ), spread across 00:23–23:11 UTC. The 273 BTC of whale flow reinforced the day's buying bias.
Flow reversed midday. The first 12 hours belonged to buyers (+428 BTC), but sellers erased that and then some (-52 BTC) in the back half.
Day 3 of unbroken net buying. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.89). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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
Asia traders set the tone. 61% of directional flow — 812 BTC of buying — came from that single session.
Session returns: Asia +1.28%, Europe -0.42%, US -0.83%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.28% | 812 BTC | 61% |
| Europe | 08:00 - 14:00 | -0.42% | -475 BTC | 36% |
| US | 14:00 - 00:00 | -0.83% | 39 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a bull regime. The +0.02% return tracked the regime average of +0.34%.
Related Days
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