BTC Flow Analysis — January 23, 2024 CHOP
Tuesday · Minute-level BTC order flow from Binance · 2,043,925 trades
Summary
On Tuesday, January 23, 2024, Bitcoin edged higher (+0.83%) to $39,898. Net flow: +3,871 BTC — buyers 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
Sustained large-player buying throughout the day. 17 bars with trade sizes 3σ+ above normal (peak: 12.0σ), spread across 01:20–23:51 UTC. The 2,536 BTC of whale flow reinforced the day's buying bias.
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 US and the day would look flat. That session alone contributed 89% of the net flow (3,542 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-97 BTC), buyers dominated late (+3,968 BTC).
Across sessions: Asia +0.54%, Europe -2.30%, US +2.66% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.54% | 390 BTC | 10% |
| Europe | 08:00 - 14:00 | -2.30% | -61 BTC | 2% |
| US | 14:00 - 00:00 | 2.66% | 3542 BTC | 89% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Net buying hit 3,871 BTC, landing +2.5σ outside the chop-regime norm. Days with this level of one-sided flow have historically marked inflection points within the regime.
Related Days
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