BTC Flow Analysis — September 20, 2022 BEAR
Tuesday · Minute-level BTC order flow from Binance · 5,900,070 trades
Summary
Bitcoin closed at $18,875 on September 20, 2022 after lost 3.4%. Aggressor-side flow netted -2,666 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
Large-player activity detected: 6 bars with trade sizes 3σ+ above normal (peak: 6.1σ) between 00:10–20:25 UTC. Whale flow netted 18 BTC of buying.
Net selling for 7 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Price followed flow faithfully (correlation: 0.96). 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
The Europe session drove 66% of the day's directional flow, with 1,786 BTC of net selling. The other two sessions were comparatively quiet.
The Europe session posted the largest move. Full breakdown: Asia -0.92%, Europe -2.26%, US -0.25%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.92% | -906 BTC | 33% |
| Europe | 08:00 - 14:00 | -2.26% | -1786 BTC | 66% |
| US | 14:00 - 00:00 | -0.25% | 26 BTC | 1% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Trading activity surged to +2.1σ above the regime norm (324,098 BTC). When volume spikes like this, the flow data carries more weight.
Related Days
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