BTC Flow Analysis — April 18, 2023 CHOP
Tuesday · Minute-level BTC order flow from Binance · 1,141,562 trades
Summary
Bitcoin climbed +3.2% on Tuesday, April 18, 2023, closing at $30,380 as buyers controlled aggregate flow with 2,830 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. 24 bars with trade sizes 3σ+ above normal (peak: 8.6σ), spread across 00:42–13:58 UTC. The 683 BTC of whale flow reinforced the day's buying bias.
A clean, flow-driven day. The 0.99 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
Session returns: Asia +1.17%, Europe +2.03%, US -0.00%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.17% | 1251 BTC | 44% |
| Europe | 08:00 - 14:00 | 2.03% | 1550 BTC | 55% |
| US | 14:00 - 00:00 | -0.00% | 29 BTC | 1% |
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 chop regime (day 2), with the bull regime barely in the rearview mirror.
With +2,830 BTC of net flow (+1.9σ), buying pressure ran above the chop-regime baseline of -670 BTC.
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