BTC Flow Analysis — August 19, 2022 BULL
Friday · Minute-level BTC order flow from Binance · 8,860,928 trades
Summary
August 19, 2022: Bitcoin dropped 10.2% in a sharp selloff. The 4,792 BTC of net selling flow at $20,834 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).
Flow Analysis
Sustained large-player selling throughout the day. 27 bars with trade sizes 3σ+ above normal (peak: 6.1σ), spread across 00:20–23:55 UTC. The 3,985 BTC of whale flow reinforced the day's selling bias.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
The 10.5% intraday range ($20,784 – $23,209) 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
Breaking it down by session: Asia -5.54%, Europe -2.31%, US -2.65%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -5.54% | -2822 BTC | 59% |
| Europe | 08:00 - 14:00 | -2.31% | -573 BTC | 12% |
| US | 14:00 - 00:00 | -2.65% | -1397 BTC | 29% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Net selling hit 4,792 BTC, landing -2.8σ outside the bull-regime norm. Days with this level of one-sided flow have historically marked inflection points within the regime.
A statistical outlier: -10.16% return sits at -3.8σ from the bull-regime average of +0.34%. Days like this are rare within this regime.
Among the final days of this bull period. Within 2 day(s), the market would flip to chop.
Volume ran hot: 283,996 BTC traded, +2.7σ above the bull-regime average. High volume days tend to carry more signal.
Related Days
Days with similar flow patterns and market conditions.
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