BTC Flow Analysis — February 24, 2022 CHOP
Thursday · Minute-level BTC order flow from Binance · 2,622,780 trades
Summary
Bitcoin closed at $38,327 on February 24, 2022 after pushed 2.9% higher. Aggressor-side flow netted -270 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
19 bars of outsized trades (peak 8.2σ) appeared between 00:29–17:19 UTC, with whale flow netting 293 BTC of buying.
The day split in half. Sellers controlled the first 12 hours (-2,049 BTC), then buyers took over (+1,779 BTC). The reversal changed the character of the day.
The 14.8% intraday range ($34,322 – $39,843) tells the story of a market in flux. Both sides had their moments.
Price followed flow faithfully (correlation: 0.88). 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 US session posted the largest move. Full breakdown: Asia -5.20%, Europe +0.46%, US +8.04%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -5.20% | -2962 BTC | 52% |
| Europe | 08:00 - 14:00 | 0.46% | 1295 BTC | 23% |
| US | 14:00 - 00:00 | 8.04% | 1396 BTC | 25% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this chop period. Within 3 day(s), the market would flip to bull.
Related Days
Days with similar flow patterns and market conditions.
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