BTC Flow Analysis — December 15, 2023 BULL
Friday · Minute-level BTC order flow from Binance · 1,323,628 trades
Summary
December 15, 2023: Bitcoin fell 2.5%. The 780 BTC of net selling flow at $41,940 told a clear story — sellers were in charge.
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
24 bars of outsized trades (peak 9.6σ) appeared between 00:49–23:34 UTC, with whale flow netting 39 BTC of buying.
This was day 3 of consecutive net selling. 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
Most of the action happened during Asia hours, which accounted for 61% of the day's net flow (829 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -0.75%, Europe -0.96%, US -0.82%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.75% | -829 BTC | 61% |
| Europe | 08:00 - 14:00 | -0.96% | -235 BTC | 17% |
| US | 14:00 - 00:00 | -0.82% | 285 BTC | 21% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a bull regime. The -2.51% return tracked the regime average of +0.34%.
Related Days
Days with similar flow patterns and market conditions.
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