BTC Flow Analysis — January 17, 2024 CHOP
Wednesday · Minute-level BTC order flow from Binance · 1,438,172 trades
Summary
On Wednesday, January 17, 2024, Bitcoin drifted lower (-0.84%) to $42,776. Net flow: +30 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: 11 bars with trade sizes 3σ+ above normal (peak: 12.0σ) between 01:14–16:21 UTC. Whale flow netted 263 BTC of selling.
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. Sellers led early (-573 BTC), buyers dominated late (+603 BTC).
Across sessions: Asia -1.12%, Europe -0.11%, US +0.39% — with Asia doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.12% | -444 BTC | 38% |
| Europe | 08:00 - 14:00 | -0.11% | -119 BTC | 10% |
| US | 14:00 - 00:00 | 0.39% | 594 BTC | 51% |
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 3 day(s) into a new chop regime, having transitioned from bull. Early-regime days often carry residual momentum from the prior period.
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