BTC Flow Analysis — January 28, 2022 BEAR
Friday · Minute-level BTC order flow from Binance · 1,061,101 trades
Summary
January 28, 2022: Bitcoin ground out a +1.50% gain. The 839 BTC of net buying flow at $37,717 told a clear story — buyers 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
Large-player activity detected: 13 bars with trade sizes 3σ+ above normal (peak: 7.1σ) between 00:23–20:23 UTC. Whale flow netted 57 BTC of selling.
Most of the action happened during US hours, which accounted for 75% of the day's net flow (1,026 BTC buying). The rest of the day was a footnote.
Net buying for 6 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
A tale of two halves — sellers pushed 359 BTC through the morning, then buyers flipped the script with 1,197 BTC in the afternoon.
Breaking it down by session: Asia -0.97%, Europe +0.30%, US +2.19%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.97% | -269 BTC | 20% |
| Europe | 08:00 - 14:00 | 0.30% | 81 BTC | 6% |
| US | 14:00 - 00:00 | 2.19% | 1026 BTC | 75% |
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 bear-regime day. The +1.50% return was consistent with the period's average of -0.27%.
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