BTC Flow Analysis — January 29, 2024 CHOP
Monday · Minute-level BTC order flow from Binance · 1,197,856 trades
Summary
Bitcoin closed at $43,303 on January 29, 2024 after rallied 3.0%. Aggressor-side flow netted +451 BTC, favoring buyers.
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. 24 bars with trade sizes 3σ+ above normal (peak: 7.8σ), spread across 00:18–23:25 UTC. The 11 BTC of whale flow reinforced the day's buying bias.
The day split in half. Sellers controlled the first 12 hours (-202 BTC), then buyers took over (+653 BTC). The reversal changed the character of the day.
Flow and price moved in lockstep (correlation: 0.80). 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
The US session drove 65% of the day's directional flow, with 1,003 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.05%, Europe -0.11%, US +3.09%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.05% | -57 BTC | 4% |
| Europe | 08:00 - 14:00 | -0.11% | -495 BTC | 32% |
| US | 14:00 - 00:00 | 3.09% | 1003 BTC | 65% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a chop-regime day. The +3.03% return was consistent with the period's average of +0.10%.
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