BTC Flow Analysis — February 09, 2024 CHOP
Friday · Minute-level BTC order flow from Binance · 2,323,884 trades
Summary
On Friday, February 09, 2024, Bitcoin climbed +4.1% to $47,133. Net flow: +1,218 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
22 bars of outsized trades (peak 5.5σ) appeared between 00:45–23:34 UTC, with whale flow netting 206 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
Strip out Asia and the day would look flat. That session alone contributed 76% of the net flow (923 BTC buying).
Morning and afternoon traded like two different markets. Buyers led early (+1,380 BTC), sellers dominated late (-162 BTC).
Across sessions: Asia +2.02%, Europe +2.74%, US -0.70% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.02% | 923 BTC | 76% |
| Europe | 08:00 - 14:00 | 2.74% | 162 BTC | 13% |
| US | 14:00 - 00:00 | -0.70% | 133 BTC | 11% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the chop regime was ending. BULL conditions were 1 day(s) away.
The buying streak extended to 5 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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