BTC Flow Analysis — October 23, 2022 BEAR
Sunday · Minute-level BTC order flow from Binance · 3,939,703 trades
Summary
Bitcoin closed at $19,570 on October 23, 2022 after ticked up 1.91%. Aggressor-side flow netted +1,874 BTC, favoring buyers.
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
15 bars of outsized trades (peak 5.6σ) appeared between 02:54–22:01 UTC, with whale flow netting 152 BTC of selling.
The day split in half. Sellers controlled the first 12 hours (-1,178 BTC), then buyers took over (+3,052 BTC). The reversal changed the character of the day.
Price followed flow faithfully (correlation: 0.93). 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 US session drove 74% of the day's directional flow, with 2,861 BTC of net buying. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.22%, Europe +0.07%, US +2.06%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.22% | -916 BTC | 24% |
| Europe | 08:00 - 14:00 | 0.07% | -70 BTC | 2% |
| US | 14:00 - 00:00 | 2.06% | 2861 BTC | 74% |
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 final days of this bear period. Within 0 day(s), the market would flip to chop.
Related Days
Days with similar flow patterns and market conditions.
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