BTC Flow Analysis — February 20, 2025 CHOP
Thursday · Minute-level BTC order flow from Binance · 2,386,973 trades
Summary
February 20, 2025: Bitcoin ground out a +1.72% gain. The 345 BTC of net selling flow at $98,305 told a clear story — sellers 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
26 bars of outsized trades (peak 7.8σ) appeared between 00:21–22:19 UTC, with whale flow netting 9 BTC of buying.
This was day 21 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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 74% of the day's net flow (483 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 422 BTC through the morning, then buyers flipped the script with 78 BTC in the afternoon.
Breaking it down by session: Asia +0.23%, Europe +0.72%, US +0.76%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.23% | -483 BTC | 74% |
| Europe | 08:00 - 14:00 | 0.72% | 154 BTC | 24% |
| US | 14:00 - 00:00 | 0.76% | -15 BTC | 2% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the chop regime was ending. BEAR conditions were 3 day(s) away.
Related Days
Days with similar flow patterns and market conditions.
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