Wednesday · Minute-level BTC order flow from Binance · 5,475,738 trades
On Wednesday, July 27, 2022, Bitcoin surged +8.0% to $22,952. Net flow: +2,067 BTC — buyers 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).
Large-player activity detected: 15 bars with trade sizes 3σ+ above normal (peak: 13.9σ) between 01:25–19:54 UTC. Whale flow netted 882 BTC of selling.
From $21,043 to $23,113 — a 9.7% range that forced both bulls and bears to respect the volatility.
Flow and price moved in lockstep (correlation: 0.96). Aggressor-side buying translated directly into price movement with minimal resistance.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
Strip out US and the day would look flat. That session alone contributed 71% of the net flow (2,342 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-335 BTC), buyers dominated late (+2,402 BTC).
Across sessions: Asia +0.44%, Europe +0.55%, US +6.94% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.44% | 339 BTC | 10% |
| Europe | 08:00 - 14:00 | 0.55% | -615 BTC | 19% |
| US | 14:00 - 00:00 | 6.94% | 2342 BTC | 71% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Even by bull-regime standards, +7.99% was extreme — +2.7σ from the +0.34% average. This wasn't a normal bull day.
Days with similar flow patterns and market conditions.
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