BTC Flow Analysis — January 22, 2025 BULL
Wednesday · Minute-level BTC order flow from Binance · 4,364,035 trades
Summary
January 22, 2025: Bitcoin lost 2.3%. The 1,246 BTC of net selling flow at $103,707 told a clear story — sellers were in charge.
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
The big players were active all day. 28 bars of outsized trades (8.2σ peak) from 00:33–22:29 UTC, adding 199 BTC of selling pressure on top of the broader selling flow.
Price followed flow faithfully (correlation: 0.92). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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
Breaking it down by session: Asia -1.00%, Europe -0.96%, US -0.35%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.00% | -567 BTC | 40% |
| Europe | 08:00 - 14:00 | -0.96% | -757 BTC | 54% |
| US | 14:00 - 00:00 | -0.35% | 78 BTC | 6% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 2 of a fresh bull regime. The market had just flipped from chop, and the new character was still establishing itself.
Related Days
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