Friday · Minute-level BTC order flow from Binance · 4,619,907 trades
January 23, 2026: Bitcoin went nowhere. The 96 BTC of net selling flow at $89,600 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).
Sustained large-player selling throughout the day. 29 bars with trade sizes 3σ+ above normal (peak: 16.2σ), spread across 00:14–23:39 UTC. The 73 BTC of whale flow reinforced the day's selling bias.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
Most of the action happened during Europe hours, which accounted for 62% of the day's net flow (254 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 204 BTC through the morning, then buyers flipped the script with 108 BTC in the afternoon.
Session returns were muted across the board: Asia -0.01%, Europe -0.22%, US +0.28%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.01% | 4 BTC | 1% |
| Europe | 08:00 - 14:00 | -0.22% | -254 BTC | 62% |
| US | 14:00 - 00:00 | 0.28% | 154 BTC | 37% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
This day sat within a bull regime. The +0.05% return tracked the regime average of +0.34%.
Days with similar flow patterns and market conditions.
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