BTC Flow Analysis — January 10, 2024 BULL
Wednesday · Minute-level BTC order flow from Binance · 3,133,588 trades
Summary
Bitcoin closed at $46,654 on January 10, 2024 after ground out a 1.18% gain. Aggressor-side flow netted +3,910 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
The big players were active all day. 21 bars of outsized trades (9.4σ peak) from 01:30–23:26 UTC, adding 2,561 BTC of buying pressure on top of the broader buying flow.
The day split in half. Sellers controlled the first 12 hours (-613 BTC), then buyers took over (+4,523 BTC). The reversal changed the character of the day.
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 US session drove 85% of the day's directional flow, with 4,719 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.76%, Europe -1.40%, US +3.40%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.76% | -352 BTC | 6% |
| Europe | 08:00 - 14:00 | -1.40% | -457 BTC | 8% |
| US | 14:00 - 00:00 | 3.40% | 4719 BTC | 85% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The 3,910 BTC of net buying was extreme by any measure (+2.3σ vs bull-regime average). The market's typical flow balance broke down.
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