BTC Flow Analysis — April 15, 2022 CHOP
Friday · Minute-level BTC order flow from Binance · 616,536 trades
Summary
April 15, 2022: Bitcoin ticked up +1.53%. The 515 BTC of net selling flow at $40,552 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
A textbook absorption day. Sellers hit the bid aggressively (correlation between cumulative flow and price: -0.60), but price still climbed +1.53%. The buying was passive — limit orders soaking up the supply.
Whale-sized trades (18 bars above 3σ, peak 7.2σ) pushed 39 BTC of net buying between 00:49–22:58 UTC — while price went the other way. Possible accumulation, possible pain.
Day 12 of unbroken net selling. The market had a directional lean and wasn't letting go.
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 +0.74%, Europe -0.50%, US +1.28%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.74% | -242 BTC | 47% |
| Europe | 08:00 - 14:00 | -0.50% | -118 BTC | 23% |
| US | 14:00 - 00:00 | 1.28% | -156 BTC | 30% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a chop regime. The +1.53% return tracked the regime average of +0.10%.
Related Days
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