BTC Flow Analysis — February 20, 2024 BULL
Tuesday · Minute-level BTC order flow from Binance · 1,971,912 trades
Summary
Bitcoin ticked up +0.93% on Tuesday, February 20, 2024, closing at $52,259 as buyers controlled aggregate flow with 374 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
35 bars of outsized trades (peak 5.4σ) appeared between 00:40–23:48 UTC, with whale flow netting 29 BTC of selling.
Net buying for 3 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
Europe traders set the tone. 82% of directional flow — 367 BTC of buying — came from that single session.
Session returns: Asia +0.12%, Europe +1.93%, US -1.10%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.12% | -38 BTC | 8% |
| Europe | 08:00 - 14:00 | 1.93% | 367 BTC | 82% |
| US | 14:00 - 00:00 | -1.10% | 45 BTC | 10% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bull — and this day didn't deviate. A +0.93% return against a regime average of +0.34%.
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