BTC Flow Analysis — January 03, 2024 BULL
Wednesday · Minute-level BTC order flow from Binance · 2,658,041 trades
Summary
On Wednesday, January 03, 2024, Bitcoin lost 4.7% to $42,845. Net flow: -2,987 BTC — sellers had the edge.
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
The big players were active all day. 22 bars of outsized trades (6.8σ peak) from 00:11–22:41 UTC, adding 128 BTC of selling pressure on top of the broader selling flow.
A volatile day: 10.6% range from $40,750 to $45,500. Wide ranges like this create opportunities but also traps for directional traders.
Price followed flow faithfully (correlation: 0.97). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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
Strip out Europe and the day would look flat. That session alone contributed 65% of the net flow (2,868 BTC selling).
Across sessions: Asia +0.14%, Europe -5.51%, US +0.74% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.14% | -832 BTC | 19% |
| Europe | 08:00 - 14:00 | -5.51% | -2868 BTC | 65% |
| US | 14:00 - 00:00 | 0.74% | 714 BTC | 16% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 3 of a fresh bull regime. The market had just flipped from chop, and the new character was still establishing itself.
A -1.8σ day — selling pressure exceeded the typical bull-regime flow (-386 BTC) by a notable margin.
Related Days
Days with similar flow patterns and market conditions.
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