BTC Flow Analysis — February 21, 2022 CHOP
Monday · Minute-level BTC order flow from Binance · 1,352,290 trades
Summary
On Monday, February 21, 2022, Bitcoin lost 3.6% to $37,008. Net flow: -1,113 BTC — sellers had the edge.
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
16 bars of outsized trades (peak 5.2σ) appeared between 00:11–20:39 UTC, with whale flow netting 30 BTC of buying.
Day 6 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.91). 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
Across sessions: Asia +2.36%, Europe -4.41%, US -1.48% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.36% | 487 BTC | 23% |
| Europe | 08:00 - 14:00 | -4.41% | -1199 BTC | 57% |
| US | 14:00 - 00:00 | -1.48% | -402 BTC | 19% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a chop regime. The -3.59% return tracked the regime average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
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