BTC Flow Analysis — March 01, 2023 CHOP
Wednesday · Minute-level BTC order flow from Binance · 9,390,487 trades
Summary
Bitcoin closed at $23,629 on March 01, 2023 after pushed 2.1% higher. Aggressor-side flow netted +636 BTC, favoring buyers.
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. 15 bars of outsized trades (4.1σ peak) from 00:52–15:06 UTC, adding 453 BTC of buying pressure on top of the broader buying flow.
The day split in half. Buyers controlled the first 12 hours (+1,293 BTC), then sellers took over (-656 BTC). The reversal changed the character of the day.
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 Asia session drove 60% of the day's directional flow, with 1,903 BTC of net buying. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia +2.48%, Europe -0.11%, US -0.26%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.48% | 1903 BTC | 60% |
| Europe | 08:00 - 14:00 | -0.11% | -1029 BTC | 32% |
| US | 14:00 - 00:00 | -0.26% | -238 BTC | 8% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 1 day(s) into a new chop regime, having transitioned from bull. Early-regime days often carry residual momentum from the prior period.
Volume ran hot: 315,287 BTC traded, +2.9σ above the chop-regime average. High volume days tend to carry more signal.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard