BTC Flow Analysis — April 27, 2023 CHOP
Thursday · Minute-level BTC order flow from Binance · 1,990,148 trades
Summary
On Thursday, April 27, 2023, Bitcoin rallied +3.7% to $29,473. Net flow: +1,773 BTC — buyers 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
Sustained large-player buying throughout the day. 17 bars with trade sizes 3σ+ above normal (peak: 6.3σ), spread across 03:00–21:39 UTC. The 252 BTC of whale flow reinforced the day's buying bias.
Flow and price moved in lockstep (correlation: 0.92). Aggressor-side buying 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
Strip out US and the day would look flat. That session alone contributed 93% of the net flow (1,792 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-1 BTC), buyers dominated late (+1,775 BTC).
Across sessions: Asia +1.68%, Europe +0.15%, US +1.85% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.68% | 54 BTC | 3% |
| Europe | 08:00 - 14:00 | 0.15% | -73 BTC | 4% |
| US | 14:00 - 00:00 | 1.85% | 1792 BTC | 93% |
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 chop — and this day didn't deviate. A +3.72% return against a regime average of +0.10%.
Related Days
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