BTC Flow Analysis — March 15, 2023 BEAR
Wednesday · Minute-level BTC order flow from Binance · 12,613,034 trades
Summary
Bitcoin gave back 1.56% on Wednesday, March 15, 2023, closing at $24,286 as buyers controlled aggregate flow with 935 BTC of net pressure.
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: 12 bars with trade sizes 3σ+ above normal (peak: 5.3σ) between 05:07–17:03 UTC. Whale flow netted 395 BTC of selling.
Flow reversed midday. The first 12 hours belonged to sellers (-4 BTC), but buyers erased that and then some (+939 BTC) in the back half.
This was day 4 of consecutive net buying. Multi-day streaks reflect sustained conviction, not noise.
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
Europe traders set the tone. 62% of directional flow — 578 BTC of buying — came from that single session.
Session returns: Asia +0.81%, Europe -0.38%, US -1.98%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.81% | 284 BTC | 30% |
| Europe | 08:00 - 14:00 | -0.38% | 578 BTC | 62% |
| US | 14:00 - 00:00 | -1.98% | 73 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
Volume ran hot: 581,451 BTC traded, +4.4σ above the bear-regime average. High volume days tend to carry more signal.
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