BTC Flow Analysis — December 22, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 1,404,109 trades
Summary
December 22, 2023: Bitcoin finished near unchanged (+0.24%). The 685 BTC of net selling flow at $43,969 told a clear story — sellers were in charge.
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
18 bars of outsized trades (peak 8.8σ) appeared between 00:52–20:57 UTC, with whale flow netting 125 BTC of buying.
Net selling for 6 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Most of the action happened during Europe hours, which accounted for 76% of the day's net flow (740 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -0.63%, Europe +0.25%, US +0.63%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.63% | 146 BTC | 15% |
| Europe | 08:00 - 14:00 | 0.25% | -740 BTC | 76% |
| US | 14:00 - 00:00 | 0.63% | -90 BTC | 9% |
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 bull — and this day didn't deviate. A +0.24% return against a regime average of +0.34%.
Related Days
Days with similar flow patterns and market conditions.
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