BTC Flow Analysis — February 10, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 6,993,675 trades
Summary
On Friday, February 10, 2023, Bitcoin drifted lower (-0.79%) to $21,625. Net flow: -3,753 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
The big players were active all day. 20 bars of outsized trades (6.2σ peak) from 01:46–23:51 UTC, adding 1,541 BTC of selling pressure on top of the broader selling flow.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Flow and price moved in lockstep (correlation: 0.86). Aggressor-side selling translated directly into price movement with minimal resistance.
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
Across sessions: Asia +0.52%, Europe -0.65%, US -0.66% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.52% | -319 BTC | 9% |
| Europe | 08:00 - 14:00 | -0.65% | -1687 BTC | 45% |
| US | 14:00 - 00:00 | -0.66% | -1746 BTC | 47% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At -2.2σ from the bull-regime average, this was one of the most intense selling days in the period — 3,753 BTC of net pressure overwhelmed the typical flow pattern.
Among the final days of this bull period. Within 1 day(s), the market would flip to chop.
Unusually heavy volume at 338,592 BTC — +3.4σ above the bull-regime baseline. The market was paying attention.
Related Days
Days with similar flow patterns and market conditions.
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