BTC Flow Analysis — February 17, 2024 BULL
Saturday · Minute-level BTC order flow from Binance · 1,427,773 trades
Summary
On Saturday, February 17, 2024, Bitcoin gave back 0.92% to $51,643. Net flow: -363 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. 32 bars of outsized trades (5.4σ peak) from 04:26–22:42 UTC, adding 266 BTC of selling pressure on top of the broader selling flow.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.90). 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
Morning and afternoon traded like two different markets. Sellers led early (-687 BTC), buyers dominated late (+324 BTC).
Across sessions: Asia -0.41%, Europe -1.39%, US +0.89% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.41% | -324 BTC | 17% |
| Europe | 08:00 - 14:00 | -1.39% | -807 BTC | 43% |
| US | 14:00 - 00:00 | 0.89% | 768 BTC | 40% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a bull regime. The -0.92% return tracked the regime average of +0.34%.
Related Days
Days with similar flow patterns and market conditions.
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