BTC Flow Analysis — February 29, 2024 BULL
Thursday · Minute-level BTC order flow from Binance · 3,169,405 trades
Summary
February 29, 2024: Bitcoin fell 2.1%. The 501 BTC of net buying flow at $61,131 told a clear story — buyers were in charge.
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. 21 bars with trade sizes 3σ+ above normal (peak: 5.6σ), spread across 00:21–23:33 UTC. The 8 BTC of whale flow reinforced the day's buying bias.
Net buying for 6 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Most of the action happened during Asia hours, which accounted for 64% of the day's net flow (1,171 BTC buying). The rest of the day was a footnote.
A tale of two halves — buyers pushed 1,211 BTC through the morning, then sellers flipped the script with 710 BTC in the afternoon.
Breaking it down by session: Asia +0.44%, Europe +0.36%, US -2.86%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.44% | 1171 BTC | 64% |
| Europe | 08:00 - 14:00 | 0.36% | -206 BTC | 11% |
| US | 14:00 - 00:00 | -2.86% | -464 BTC | 25% |
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 bull-regime day. The -2.08% return was consistent with the period's average of +0.34%.
Related Days
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