BTC Flow Analysis — February 12, 2024 BULL
Monday · Minute-level BTC order flow from Binance · 1,939,394 trades
Summary
Bitcoin rallied +3.3% on Monday, February 12, 2024, closing at $49,917 as buyers controlled aggregate flow with 2,585 BTC of net pressure.
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
15 bars of outsized trades (peak 6.4σ) appeared between 01:10–23:59 UTC, with whale flow netting 221 BTC of selling.
This was day 8 of consecutive net buying. Multi-day streaks reflect sustained conviction, not noise.
Flow and price moved in lockstep (correlation: 0.99). Aggressor-side buying translated directly into price movement with minimal resistance.
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
US traders set the tone. 76% of directional flow — 2,373 BTC of buying — came from that single session.
Session returns: Asia -0.20%, Europe -0.53%, US +4.10%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.20% | 476 BTC | 15% |
| Europe | 08:00 - 14:00 | -0.53% | -265 BTC | 9% |
| US | 14:00 - 00:00 | 4.10% | 2373 BTC | 76% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bull regime (day 2), with the chop regime barely in the rearview mirror.
Net flow of +2,585 BTC was elevated at +1.5σ vs the bull-regime average of -386 BTC.
Related Days
Days with similar flow patterns and market conditions.
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