Saturday · Minute-level BTC order flow from Binance · 879,727 trades
On Saturday, March 05, 2022, Bitcoin edged higher (+0.64%) to $39,398. Net flow: -670 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).
Despite persistent sell-side aggression (flow-price correlation -0.59), price rose +0.64%. This divergence typically signals strong passive demand — buyers who don't need to cross the spread.
Sustained large-player selling throughout the day. 19 bars with trade sizes 3σ+ above normal (peak: 6.7σ), spread across 00:15–22:49 UTC. The 342 BTC of whale flow reinforced the day's selling bias.
Net selling for 4 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
Strip out Europe and the day would look flat. That session alone contributed 60% of the net flow (483 BTC selling).
Across sessions: Asia -0.34%, Europe -0.02%, US +1.00% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.34% | -252 BTC | 32% |
| Europe | 08:00 - 14:00 | -0.02% | -483 BTC | 60% |
| US | 14:00 - 00:00 | 1.00% | 64 BTC | 8% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Nothing unusual for a bull-regime day. The +0.64% return was consistent with the period's average of +0.34%.
Days with similar flow patterns and market conditions.
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