BTC Flow Analysis — February 23, 2024 BULL
Friday · Minute-level BTC order flow from Binance · 1,487,039 trades
Summary
Bitcoin closed at $50,744 on February 23, 2024 after drifted lower (1.06%). Aggressor-side flow netted -1,324 BTC, favoring sellers.
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
17 bars of outsized trades (peak 6.2σ) appeared between 00:48–18:48 UTC, with whale flow netting 120 BTC of buying.
The day split in half. Sellers controlled the first 12 hours (-1,502 BTC), then buyers took over (+178 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 Asia session drove 76% of the day's directional flow, with 1,365 BTC of net selling. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia -0.73%, Europe +0.28%, US -0.62%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.73% | -1365 BTC | 76% |
| Europe | 08:00 - 14:00 | 0.28% | -191 BTC | 11% |
| US | 14:00 - 00:00 | -0.62% | 232 BTC | 13% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bull — and this day didn't deviate. A -1.06% return against a regime average of +0.34%.
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