BTC Flow Analysis — October 24, 2022 CHOP
Monday · Minute-level BTC order flow from Binance · 5,676,899 trades
Summary
October 24, 2022: Bitcoin slipped 1.23%. The 2,551 BTC of net selling flow at $19,330 told a clear story — sellers 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
The big players were active all day. 12 bars of outsized trades (6.9σ peak) from 01:22–21:28 UTC, adding 527 BTC of selling pressure on top of the broader selling flow.
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
Breaking it down by session: Asia -1.27%, Europe +0.16%, US -0.12%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.27% | -1117 BTC | 44% |
| Europe | 08:00 - 14:00 | 0.16% | -882 BTC | 35% |
| US | 14:00 - 00:00 | -0.12% | -552 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
This was near the start of a chop regime (day 1), with the bear regime barely in the rearview mirror.
With -2,551 BTC of net flow (-1.7σ), selling pressure ran above the chop-regime baseline of -670 BTC.
Volume ran hot: 256,168 BTC traded, +2.2σ above the chop-regime average. High volume days tend to carry more signal.
Related Days
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