BTC Flow Analysis — May 05, 2022 BEAR
Thursday · Minute-level BTC order flow from Binance · 1,979,692 trades
Summary
Bitcoin dropped 7.9% in a sharp selloff on Thursday, May 05, 2022, closing at $36,553 as sellers controlled aggregate flow with 5,150 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
Sustained large-player selling throughout the day. 26 bars with trade sizes 3σ+ above normal (peak: 10.4σ), spread across 01:11–22:10 UTC. The 1,537 BTC of whale flow reinforced the day's selling bias.
Flow reversed midday. The first 12 hours belonged to buyers (+49 BTC), but sellers erased that and then some (-5,199 BTC) in the back half.
The 10.8% intraday range ($35,572 – $39,846) tells the story of a market in flux. Both sides had their moments.
Price followed flow faithfully (correlation: 0.99). 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
US traders set the tone. 86% of directional flow — 4,660 BTC of selling — came from that single session.
Session returns: Asia -0.25%, Europe -1.51%, US -6.26%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.25% | 148 BTC | 3% |
| Europe | 08:00 - 14:00 | -1.51% | -638 BTC | 12% |
| US | 14:00 - 00:00 | -6.26% | -4660 BTC | 86% |
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: -7.90% return sits at -2.1σ from the bear-regime average of -0.27%. Days like this are rare within this regime.
A -2.0σ day — selling pressure exceeded the typical bear-regime flow (-1,189 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