Monday · Minute-level BTC order flow from Binance · 4,807,238 trades
July 25, 2022: Bitcoin plunged -5.6%. The 4,301 BTC of net selling flow at $21,311 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).
Sustained large-player selling throughout the day. 25 bars with trade sizes 3σ+ above normal (peak: 7.3σ), spread across 01:49–23:49 UTC. The 507 BTC of whale flow reinforced the day's selling bias.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
Breaking it down by session: Asia -2.72%, Europe -0.28%, US -2.69%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.72% | -2245 BTC | 52% |
| Europe | 08:00 - 14:00 | -0.28% | -1049 BTC | 24% |
| US | 14:00 - 00:00 | -2.69% | -1007 BTC | 23% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Flow conviction was unusually strong: 4,301 BTC net selling, registering at -2.5σ relative to other bull-regime days. This wasn't noise — it was a directional statement.
At -2.1σ from the regime mean, this -5.61% move was an outlier within the bull period (avg +0.34%).
Days with similar flow patterns and market conditions.
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