BTC Flow Analysis — April 22, 2022 CHOP
Friday · Minute-level BTC order flow from Binance · 1,043,471 trades
Summary
Bitcoin closed at $39,709 on April 22, 2022 after gave back 1.90%. Aggressor-side flow netted -167 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
11 bars of outsized trades (peak 7.5σ) appeared between 01:26–22:43 UTC, with whale flow netting 56 BTC of buying.
Net selling for 19 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Price followed flow faithfully (correlation: 0.82). 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 Europe session drove 88% of the day's directional flow, with 158 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.57%, Europe -1.14%, US -1.33%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.57% | 6 BTC | 4% |
| Europe | 08:00 - 14:00 | -1.14% | -158 BTC | 88% |
| US | 14:00 - 00:00 | -1.33% | -15 BTC | 9% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The chop regime was running out of road — 0 day(s) before the market shifted to bear. The transition was already underway in hindsight.
Related Days
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