BTC Flow Analysis — September 12, 2022 BEAR
Monday · Minute-level BTC order flow from Binance · 6,979,539 trades
Summary
September 12, 2022: Bitcoin climbed +2.6%. The 3,583 BTC of net buying flow at $22,396 told a clear story — buyers 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
8 bars of outsized trades (peak 6.4σ) appeared between 01:01–20:37 UTC, with whale flow netting 95 BTC of selling.
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
Most of the action happened during Asia hours, which accounted for 83% of the day's net flow (3,416 BTC buying). The rest of the day was a footnote.
Breaking it down by session: Asia +1.68%, Europe +0.90%, US +0.00%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.68% | 3416 BTC | 83% |
| Europe | 08:00 - 14:00 | 0.90% | -264 BTC | 6% |
| US | 14:00 - 00:00 | 0.00% | 432 BTC | 10% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 2 of a fresh bear regime. The market had just flipped from chop, and the new character was still establishing itself.
Unusually heavy volume at 395,396 BTC — +2.8σ above the bear-regime baseline. The market was paying attention.
The buying streak extended to 5 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
Days with similar flow patterns and market conditions.
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