BTC Flow Analysis — December 22, 2022 CHOP
Thursday · Minute-level BTC order flow from Binance · 4,678,640 trades
Summary
December 22, 2022: Bitcoin traded flat. The 896 BTC of net selling flow at $16,821 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
Sustained large-player selling throughout the day. 19 bars with trade sizes 3σ+ above normal (peak: 6.0σ), spread across 05:05–21:12 UTC. The 148 BTC of whale flow reinforced the day's selling bias.
Flow and price moved in lockstep (correlation: 0.86). 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
All three sessions posted small moves: Asia +0.01%, Europe -0.27%, US +0.24% — a balanced day with no clear regional driver.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.01% | -638 BTC | 50% |
| Europe | 08:00 - 14:00 | -0.27% | -455 BTC | 35% |
| US | 14:00 - 00:00 | 0.24% | 196 BTC | 15% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The selling streak extended to 9 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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