BTC Flow Analysis — February 27, 2024 BULL
Tuesday · Minute-level BTC order flow from Binance · 2,414,285 trades
Summary
Bitcoin closed at $57,037 on February 27, 2024 after climbed 4.7%. Aggressor-side flow netted +2,746 BTC, favoring buyers.
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
Whale activity concentrated around 08:18 UTC: 7 bars with average trade sizes 9.0σ above baseline. The 188 BTC of net buying added conviction to the buying move.
A clean, flow-driven day. The 0.88 correlation between cumulative flow and price means buying pressure was the dominant force — no hidden passive flow muddying the signal.
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
The Asia session posted the largest move. Full breakdown: Asia +2.91%, Europe +1.88%, US -0.13%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.91% | 997 BTC | 36% |
| Europe | 08:00 - 14:00 | 1.88% | 999 BTC | 36% |
| US | 14:00 - 00:00 | -0.13% | 749 BTC | 27% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
With +2,746 BTC of net flow (+1.6σ), buying pressure ran above the bull-regime baseline of -386 BTC.
The buying streak extended to 4 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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