BTC Flow Analysis — March 09, 2022 BULL
Wednesday · Minute-level BTC order flow from Binance · 1,570,230 trades
Summary
Bitcoin ripped +8.3% to the upside on Wednesday, March 09, 2022, closing at $41,942 as buyers controlled aggregate flow with 1,804 BTC of net pressure.
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: 16 bars with trade sizes 3σ+ above normal (peak: 6.6σ) between 00:51–22:43 UTC. Whale flow netted 422 BTC of selling.
Flow reversed midday. The first 12 hours belonged to buyers (+2,132 BTC), but sellers erased that and then some (-328 BTC) in the back half.
The 10.2% intraday range ($38,656 – $42,594) tells the story of a market in flux. Both sides had their moments.
Price followed flow faithfully (correlation: 0.98). 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
Asia traders set the tone. 91% of directional flow — 1,987 BTC of buying — came from that single session.
Session returns: Asia +7.90%, Europe +0.19%, US +0.17%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 7.90% | 1987 BTC | 91% |
| Europe | 08:00 - 14:00 | 0.19% | -188 BTC | 9% |
| US | 14:00 - 00:00 | 0.17% | 4 BTC | 0% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
A statistical outlier: +8.29% return sits at +2.8σ from the bull-regime average of +0.34%. Days like this are rare within this regime.
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