BTC Flow Analysis — November 16, 2023 BULL
Thursday · Minute-level BTC order flow from Binance · 1,542,446 trades
Summary
Bitcoin closed at $36,164 on November 16, 2023 after sold off 4.5%. Aggressor-side flow netted -3,062 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
Sustained large-player selling throughout the day. 22 bars with trade sizes 3σ+ above normal (peak: 6.8σ), spread across 00:59–23:07 UTC. The 212 BTC of whale flow reinforced the day's selling bias.
Flow and price moved in lockstep (correlation: 0.98). 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 -1.11%, Europe -1.78%, US -1.65%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.11% | -785 BTC | 26% |
| Europe | 08:00 - 14:00 | -1.78% | -838 BTC | 27% |
| US | 14:00 - 00:00 | -1.65% | -1439 BTC | 47% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Net flow of -3,062 BTC was elevated at -1.8σ vs the bull-regime average of -386 BTC.
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