BTC Flow Analysis — December 28, 2022 CHOP
Wednesday · Minute-level BTC order flow from Binance · 5,465,468 trades
Summary
December 28, 2022: Bitcoin slipped 0.95%. The 801 BTC of net selling flow at $16,547 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. 37 bars with trade sizes 3σ+ above normal (peak: 7.3σ), spread across 00:57–23:38 UTC. The 132 BTC of whale flow reinforced the day's selling bias.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Most of the action happened during Europe hours, which accounted for 60% of the day's net flow (765 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -0.35%, Europe +0.03%, US -0.63%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.35% | -268 BTC | 21% |
| Europe | 08:00 - 14:00 | 0.03% | -765 BTC | 60% |
| US | 14:00 - 00:00 | -0.63% | 232 BTC | 18% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a chop-regime day. The -0.95% return was consistent with the period's average of +0.10%.
Related Days
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