BTC Flow Analysis — December 27, 2023 BULL
Wednesday · Minute-level BTC order flow from Binance · 1,439,770 trades
Summary
Bitcoin rallied +2.2% on Wednesday, December 27, 2023, closing at $43,429 as buyers controlled aggregate flow with 1,774 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. 22 bars with trade sizes 3σ+ above normal (peak: 14.4σ), spread across 00:13–23:39 UTC. The 1,047 BTC of whale flow reinforced the day's buying bias.
Net buying for 3 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Flow and price moved in lockstep (correlation: 0.97). Aggressor-side buying 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
Session returns: Asia -0.12%, Europe +1.08%, US +1.20%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.12% | 83 BTC | 5% |
| Europe | 08:00 - 14:00 | 1.08% | 997 BTC | 56% |
| US | 14:00 - 00:00 | 1.20% | 694 BTC | 39% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the bull regime was ending. CHOP conditions were 3 day(s) away.
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