BTC Flow Analysis — July 12, 2022 BEAR
Tuesday · Minute-level BTC order flow from Binance · 3,626,399 trades
Summary
On Tuesday, July 12, 2022, Bitcoin lost 3.2% to $19,329. Net flow: -4,144 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. 22 bars of outsized trades (5.0σ peak) from 01:02–23:51 UTC, adding 443 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: 0.83). 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
Across sessions: Asia -1.17%, Europe +0.27%, US -2.30% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.17% | -1291 BTC | 31% |
| Europe | 08:00 - 14:00 | 0.27% | -646 BTC | 16% |
| US | 14:00 - 00:00 | -2.30% | -2207 BTC | 53% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bear regime was running out of road — 1 day(s) before the market shifted to chop. The transition was already underway in hindsight.
A -1.6σ day — selling pressure exceeded the typical bear-regime flow (-1,189 BTC) by a notable margin.
Related Days
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