BTC Flow Analysis — April 26, 2023 CHOP
Wednesday · Minute-level BTC order flow from Binance · 2,261,942 trades
Summary
Bitcoin closed at $28,415 on April 26, 2023 after edged higher (0.40%). Aggressor-side flow netted -147 BTC, favoring sellers.
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
19 bars of outsized trades (peak 6.1σ) appeared between 01:30–18:16 UTC, with whale flow netting 502 BTC of buying.
The day split in half. Buyers controlled the first 12 hours (+1,174 BTC), then sellers took over (-1,321 BTC). The reversal changed the character of the day.
The 9.9% intraday range ($27,235 – $30,036) tells the story of a market in flux. Both sides had their moments.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side selling 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
The Europe session posted the largest move. Full breakdown: Asia +0.27%, Europe +5.18%, US -4.80%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.27% | 126 BTC | 3% |
| Europe | 08:00 - 14:00 | 5.18% | 1655 BTC | 45% |
| US | 14:00 - 00:00 | -4.80% | -1928 BTC | 52% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were chop — and this day didn't deviate. A +0.40% return against a regime average of +0.10%.
Related Days
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