BTC Flow Analysis — September 13, 2022 BEAR
Tuesday · Minute-level BTC order flow from Binance · 8,126,869 trades
Summary
On Tuesday, September 13, 2022, Bitcoin plunged -9.9% to $20,174. Net flow: +2,374 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).
Flow Analysis
Sustained large-player buying throughout the day. 21 bars with trade sizes 3σ+ above normal (peak: 8.0σ), spread across 01:16–21:23 UTC. The 991 BTC of whale flow reinforced the day's buying bias.
Day 6 of unbroken net buying. The market had a directional lean and wasn't letting go.
From $19,860 to $22,799 — a 13.1% range that forced both bulls and bears to respect the volatility.
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
Morning and afternoon traded like two different markets. Buyers led early (+4,639 BTC), sellers dominated late (-2,265 BTC).
Across sessions: Asia -0.55%, Europe -4.84%, US -4.82% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.55% | 1431 BTC | 34% |
| Europe | 08:00 - 14:00 | -4.84% | 1872 BTC | 44% |
| US | 14:00 - 00:00 | -4.82% | -929 BTC | 22% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
A statistical outlier: -9.92% return sits at -2.6σ from the bear-regime average of -0.27%. Days like this are rare within this regime.
This was near the start of a bear regime (day 3), with the chop regime barely in the rearview mirror.
Volume ran hot: 431,915 BTC traded, +3.1σ above the bear-regime average. High volume days tend to carry more signal.
Related Days
Days with similar flow patterns and market conditions.
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