BTC Flow Analysis — January 31, 2022 BEAR
Monday · Minute-level BTC order flow from Binance · 936,014 trades
Summary
January 31, 2022: Bitcoin ground out a +1.54% gain. The 11 BTC of net selling flow at $38,467 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. 22 bars of outsized trades (10.9σ peak) from 02:29–21:17 UTC, adding 192 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
A tale of two halves — sellers pushed 233 BTC through the morning, then buyers flipped the script with 223 BTC in the afternoon.
Breaking it down by session: Asia -2.01%, Europe +0.35%, US +3.26%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.01% | -188 BTC | 20% |
| Europe | 08:00 - 14:00 | 0.35% | -277 BTC | 30% |
| US | 14:00 - 00:00 | 3.26% | 454 BTC | 49% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the bear regime was ending. CHOP conditions were 3 day(s) away.
Related Days
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