BTC Flow Analysis — September 18, 2022 BEAR
Sunday · Minute-level BTC order flow from Binance · 4,634,096 trades
Summary
Bitcoin closed at $19,416 on September 18, 2022 after sold off 3.5%. Aggressor-side flow netted -5,256 BTC, favoring sellers.
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
The big players were active all day. 15 bars of outsized trades (7.2σ peak) from 00:18–21:09 UTC, adding 1,202 BTC of selling pressure on top of the broader selling flow.
Net selling for 5 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side selling 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.
Session Breakdown
The US session posted the largest move. Full breakdown: Asia -0.30%, Europe -0.45%, US -2.74%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.30% | -1272 BTC | 24% |
| Europe | 08:00 - 14:00 | -0.45% | -897 BTC | 17% |
| US | 14:00 - 00:00 | -2.74% | -3088 BTC | 59% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the heaviest selling days in this bear regime. Net flow of -5,256 BTC placed this day at -2.0σ from the regime mean.
Related Days
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