BTC Flow Analysis — November 24, 2023 CHOP
Friday · Minute-level BTC order flow from Binance · 1,379,414 trades
Summary
On Friday, November 24, 2023, Bitcoin edged higher (+1.12%) to $37,714. Net flow: +18 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
Large-player activity detected: 37 bars with trade sizes 3σ+ above normal (peak: 5.1σ) between 00:10–19:49 UTC. Whale flow netted 92 BTC of selling.
Flow and price moved in lockstep (correlation: 0.82). 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
Morning and afternoon traded like two different markets. Buyers led early (+556 BTC), sellers dominated late (-539 BTC).
Across sessions: Asia +0.61%, Europe +0.66%, US -0.15% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.61% | -188 BTC | 18% |
| Europe | 08:00 - 14:00 | 0.66% | 540 BTC | 51% |
| US | 14:00 - 00:00 | -0.15% | -335 BTC | 32% |
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 2 day(s) into a new chop regime, having transitioned from bull. Early-regime days often carry residual momentum from the prior period.
Related Days
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