BTC Flow Analysis — February 21, 2024 BULL
Wednesday · Minute-level BTC order flow from Binance · 1,824,860 trades
Summary
Bitcoin closed at $51,849 on February 21, 2024 after slipped 0.78%. Aggressor-side flow netted +1,400 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. 20 bars with trade sizes 3σ+ above normal (peak: 6.4σ), spread across 04:33–23:12 UTC. The 300 BTC of whale flow reinforced the day's buying bias.
The day split in half. Sellers controlled the first 12 hours (-1,033 BTC), then buyers took over (+2,434 BTC). The reversal changed the character of the day.
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 77% of the day's directional flow, with 2,009 BTC of net buying. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia -1.32%, Europe -0.75%, US +1.31%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.32% | -408 BTC | 16% |
| Europe | 08:00 - 14:00 | -0.75% | -201 BTC | 8% |
| US | 14:00 - 00:00 | 1.31% | 2009 BTC | 77% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The buying streak extended to 4 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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