BTC Flow Analysis — November 16, 2022 BEAR
Wednesday · Minute-level BTC order flow from Binance · 6,297,404 trades
Summary
Bitcoin closed at $16,663 on November 16, 2022 after gave back 1.41%. Aggressor-side flow netted -2,204 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
Sustained large-player selling throughout the day. 22 bars with trade sizes 3σ+ above normal (peak: 5.6σ), spread across 00:11–21:22 UTC. The 133 BTC of whale flow reinforced the day's selling bias.
The day split in half. Sellers controlled the first 12 hours (-2,626 BTC), then buyers took over (+422 BTC). The reversal changed the character of the day.
Net selling for 5 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Price followed flow faithfully (correlation: 0.83). 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 posted the largest move. Full breakdown: Asia -0.45%, Europe -1.85%, US +0.91%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.45% | -1493 BTC | 35% |
| Europe | 08:00 - 14:00 | -1.85% | -1751 BTC | 41% |
| US | 14:00 - 00:00 | 0.91% | 1040 BTC | 24% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A -1.41% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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