BTC Flow Analysis — January 16, 2024 CHOP
Tuesday · Minute-level BTC order flow from Binance · 1,716,580 trades
Summary
January 16, 2024: Bitcoin ticked up +1.47%. The 3,083 BTC of net buying flow at $43,138 told a clear story — buyers 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
Sustained large-player buying throughout the day. 35 bars with trade sizes 3σ+ above normal (peak: 10.4σ), spread across 00:10–23:46 UTC. The 1,322 BTC of whale flow reinforced the day's buying bias.
Most of the action happened during US hours, which accounted for 72% of the day's net flow (2,207 BTC buying). The rest of the day was a footnote.
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
Breaking it down by session: Asia +0.66%, Europe +0.03%, US +0.78%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.66% | 575 BTC | 19% |
| Europe | 08:00 - 14:00 | 0.03% | 302 BTC | 10% |
| US | 14:00 - 00:00 | 0.78% | 2207 BTC | 72% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Flow conviction was unusually strong: 3,083 BTC net buying, registering at +2.0σ relative to other chop-regime days. This wasn't noise — it was a directional statement.
The market was 2 day(s) into a new chop regime, having transitioned from bull. Early-regime days often carry residual momentum from the prior period.
Related Days
Days with similar flow patterns and market conditions.
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