BTC Flow Analysis — February 04, 2022 CHOP
Friday · Minute-level BTC order flow from Binance · 1,380,724 trades
Summary
February 04, 2022: Bitcoin ripped +11.4% to the upside. The 1,403 BTC of net buying flow at $41,574 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
24 bars of outsized trades (peak 11.5σ) appeared between 00:48–21:50 UTC, with whale flow netting 1,118 BTC of selling.
Most of the action happened during US hours, which accounted for 79% of the day's net flow (1,915 BTC buying). The rest of the day was a footnote.
A volatile day: 12.7% range from $37,027 to $41,772. Wide ranges like this create opportunities but also traps for directional traders.
Price followed flow faithfully (correlation: 0.89). 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
A tale of two halves — sellers pushed 621 BTC through the morning, then buyers flipped the script with 2,025 BTC in the afternoon.
Breaking it down by session: Asia +1.49%, Europe -1.18%, US +11.10%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.49% | -510 BTC | 21% |
| Europe | 08:00 - 14:00 | -1.18% | -2 BTC | 0% |
| US | 14:00 - 00:00 | 11.10% | 1915 BTC | 79% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Even by chop-regime standards, +11.42% was extreme — +4.9σ from the +0.10% average. This wasn't a normal chop day.
Day 1 of a fresh chop regime. The market had just flipped from bear, and the new character was still establishing itself.
Related Days
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