BTC Flow Analysis — June 08, 2022 CHOP
Wednesday · Minute-level BTC order flow from Binance · 1,236,327 trades
Summary
On Wednesday, June 08, 2022, Bitcoin lost 3.0% to $30,205. Net flow: -3,206 BTC — sellers had the edge.
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
The big players were active all day. 16 bars of outsized trades (7.9σ peak) from 00:38–15:25 UTC, adding 1,497 BTC of selling pressure on top of the broader selling flow.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.81). 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
Strip out Asia and the day would look flat. That session alone contributed 78% of the net flow (2,508 BTC selling).
Across sessions: Asia -1.81%, Europe +0.67%, US -1.83% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.81% | -2508 BTC | 78% |
| Europe | 08:00 - 14:00 | 0.67% | -318 BTC | 10% |
| US | 14:00 - 00:00 | -1.83% | -379 BTC | 12% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At -2.1σ from the chop-regime average, this was one of the most intense selling days in the period — 3,206 BTC of net pressure overwhelmed the typical flow pattern.
Day 2 of a fresh chop regime. The market had just flipped from bear, and the new character was still establishing itself.
Related Days
Days with similar flow patterns and market conditions.
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