BTC Flow Analysis — January 22, 2022 BEAR
Saturday · Minute-level BTC order flow from Binance · 2,099,978 trades
Summary
Bitcoin closed at $35,071 on January 22, 2022 after lost 3.8%. Aggressor-side flow netted -5,027 BTC, favoring sellers.
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 selling throughout the day. 16 bars with trade sizes 3σ+ above normal (peak: 7.5σ), spread across 00:44–13:09 UTC. The 1,003 BTC of whale flow reinforced the day's selling bias.
The day split in half. Sellers controlled the first 12 hours (-5,460 BTC), then buyers took over (+433 BTC). The reversal changed the character of the day.
Net selling for 7 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Price followed flow faithfully (correlation: 0.86). 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
The Asia session drove 73% of the day's directional flow, with 3,887 BTC of net selling. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia -2.87%, Europe +0.50%, US -1.42%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.87% | -3887 BTC | 73% |
| Europe | 08:00 - 14:00 | 0.50% | -1287 BTC | 24% |
| US | 14:00 - 00:00 | -1.42% | 147 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
A -1.9σ day — selling pressure exceeded the typical bear-regime flow (-1,189 BTC) by a notable margin.
Related Days
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