BTC Flow Analysis — February 02, 2023 BULL
Thursday · Minute-level BTC order flow from Binance · 9,102,300 trades
Summary
Bitcoin closed at $23,489 on February 02, 2023 after gave back 1.02%. Aggressor-side flow netted -549 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
Whale activity concentrated around 02:33 UTC: 6 bars with average trade sizes 4.4σ above baseline. The 888 BTC of net selling added conviction to the selling move.
The day split in half. Buyers controlled the first 12 hours (+986 BTC), then sellers took over (-1,535 BTC). The reversal changed the character of the day.
Price followed flow faithfully (correlation: 0.87). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 US session drove 66% of the day's directional flow, with 1,078 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.21%, Europe -0.06%, US -1.17%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.21% | 537 BTC | 33% |
| Europe | 08:00 - 14:00 | -0.06% | -7 BTC | 0% |
| US | 14:00 - 00:00 | -1.17% | -1078 BTC | 66% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Trading activity surged to +3.7σ above the regime norm (364,177 BTC). When volume spikes like this, the flow data carries more weight.
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