BTC Flow Analysis — February 24, 2024 BULL
Saturday · Minute-level BTC order flow from Binance · 855,015 trades
Summary
Bitcoin edged higher (+1.62%) on Saturday, February 24, 2024, closing at $51,568 as buyers controlled aggregate flow with 364 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
Sustained large-player buying throughout the day. 20 bars with trade sizes 3σ+ above normal (peak: 5.9σ), spread across 02:10–22:40 UTC. The 176 BTC of whale flow reinforced the day's buying bias.
Flow and price moved in lockstep (correlation: 0.94). 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. 70% of directional flow — 254 BTC of buying — came from that single session.
Session returns: Asia +0.64%, Europe +0.14%, US +0.84%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.64% | 1 BTC | 0% |
| Europe | 08:00 - 14:00 | 0.14% | 109 BTC | 30% |
| US | 14:00 - 00:00 | 0.84% | 254 BTC | 70% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a bull-regime day. The +1.62% return was consistent with the period's average of +0.34%.
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