BTC Flow Analysis — January 28, 2023 BULL
Saturday · Minute-level BTC order flow from Binance · 4,181,816 trades
Summary
On Saturday, January 28, 2023, Bitcoin traded flat to $23,023. Net flow: -392 BTC — sellers 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
Large-player activity detected: 21 bars with trade sizes 3σ+ above normal (peak: 8.3σ) between 00:25–20:24 UTC. Whale flow netted 280 BTC of buying.
Net selling for 8 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
Strip out Europe and the day would look flat. That session alone contributed 78% of the net flow (546 BTC selling).
No single session dominated price action: Asia -0.36%, Europe -0.09%, US +0.23%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.36% | 15 BTC | 2% |
| Europe | 08:00 - 14:00 | -0.09% | -546 BTC | 78% |
| US | 14:00 - 00:00 | 0.23% | 139 BTC | 20% |
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 -0.22% return against a regime average of +0.34%.
Related Days
Days with similar flow patterns and market conditions.
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