BTC Flow Analysis — October 16, 2023 CHOP
Monday · Minute-level BTC order flow from Binance · 2,289,339 trades
Summary
Bitcoin closed at $28,501 on October 16, 2023 after climbed 5.0%. Aggressor-side flow netted +3,077 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
Sustained large-player buying throughout the day. 16 bars with trade sizes 3σ+ above normal (peak: 6.3σ), spread across 00:29–22:31 UTC. The 391 BTC of whale flow reinforced the day's buying bias.
A volatile day: 10.6% range from $27,113 to $30,000. Wide ranges like this create opportunities but also traps for directional traders.
A clean, flow-driven day. The 0.97 correlation between cumulative flow and price means buying pressure was the dominant force — no hidden passive flow muddying the signal.
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 65% of the day's directional flow, with 2,006 BTC of net buying. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia +2.56%, Europe +0.54%, US +1.79%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.56% | 2006 BTC | 65% |
| Europe | 08:00 - 14:00 | 0.54% | 858 BTC | 28% |
| US | 14:00 - 00:00 | 1.79% | 213 BTC | 7% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At +2.0σ from the chop-regime average, this was one of the most intense buying days in the period — 3,077 BTC of net pressure overwhelmed the typical flow pattern.
At +2.1σ from the regime mean, this +4.96% move was an outlier within the chop period (avg +0.10%).
Related Days
Days with similar flow patterns and market conditions.
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