BTC Flow Analysis — February 08, 2024 CHOP
Thursday · Minute-level BTC order flow from Binance · 1,863,650 trades
Summary
On Thursday, February 08, 2024, Bitcoin climbed +2.1% to $45,289. Net flow: +23 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
The big players were active all day. 12 bars of outsized trades (9.0σ peak) from 00:45–23:59 UTC, adding 99 BTC of buying pressure on top of the broader buying flow.
Net buying for 4 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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 (-147 BTC), buyers dominated late (+171 BTC).
Across sessions: Asia +0.37%, Europe +1.06%, US +0.68% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.37% | -91 BTC | 29% |
| Europe | 08:00 - 14:00 | 1.06% | 169 BTC | 54% |
| US | 14:00 - 00:00 | 0.68% | -55 BTC | 17% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The chop regime was running out of road — 2 day(s) before the market shifted to bull. The transition was already underway in hindsight.
Related Days
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