BTC Flow Analysis — January 12, 2023 CHOP
Thursday · Minute-level BTC order flow from Binance · 8,911,373 trades
Summary
On Thursday, January 12, 2023, Bitcoin surged +5.0% to $18,847. Net flow: +22 BTC — buyers 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
Sustained large-player buying throughout the day. 11 bars with trade sizes 3σ+ above normal (peak: 4.2σ), spread across 00:54–13:55 UTC. The 313 BTC of whale flow reinforced the day's buying bias.
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 (-421 BTC), buyers dominated late (+443 BTC).
Across sessions: Asia +1.09%, Europe +0.81%, US +3.07% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.09% | 740 BTC | 26% |
| Europe | 08:00 - 14:00 | 0.81% | -1389 BTC | 50% |
| US | 14:00 - 00:00 | 3.07% | 671 BTC | 24% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At +2.1σ from the regime mean, this +5.03% move was an outlier within the chop period (avg +0.10%).
Among the final days of this chop period. Within 0 day(s), the market would flip to bull.
Unusually heavy volume at 454,568 BTC — +4.5σ above the chop-regime baseline. The market was paying attention.
Related Days
Days with similar flow patterns and market conditions.
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