BTC Flow Analysis — February 27, 2022 CHOP
Sunday · Minute-level BTC order flow from Binance · 1,265,753 trades
Summary
February 27, 2022: Bitcoin lost 3.6%. The 2,651 BTC of net selling flow at $37,699 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).
Flow Analysis
Sustained large-player selling throughout the day. 19 bars with trade sizes 3σ+ above normal (peak: 8.0σ), spread across 00:53–22:03 UTC. The 189 BTC of whale flow reinforced the day's selling bias.
Most of the action happened during US hours, which accounted for 73% of the day's net flow (2,252 BTC selling). The rest of the day was a footnote.
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
Breaking it down by session: Asia -0.83%, Europe +0.69%, US -3.48%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.83% | -611 BTC | 20% |
| Europe | 08:00 - 14:00 | 0.69% | 212 BTC | 7% |
| US | 14:00 - 00:00 | -3.48% | -2252 BTC | 73% |
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 0 day(s), the market would flip to bull.
A -1.7σ day — selling pressure exceeded the typical chop-regime flow (-670 BTC) by a notable margin.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard