Open
$39,422
Close
$38,730
Return
-1.76%
Net Flow
-723 BTC
Volume
59,019 BTC
Buy/Sell Ratio
0.98

Summary

Bitcoin slipped 1.76% on Friday, March 11, 2022, closing at $38,730 as sellers controlled aggregate flow with 723 BTC of net pressure.

BTC price and volume for March 11, 2022

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. 17 bars of outsized trades (8.6σ peak) from 00:55–19:52 UTC, adding 219 BTC of selling pressure on top of the broader selling flow.

Flow reversed midday. The first 12 hours belonged to buyers (+41 BTC), but sellers erased that and then some (-764 BTC) in the back half.

A clean, flow-driven day. The 0.80 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.

Cumulative flow vs return for March 11, 2022

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

Session returns: Asia -0.74%, Europe +0.32%, US -1.35%. US led the move.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 -0.74% -221 BTC 14%
Europe 08:00 - 14:00 0.32% 409 BTC 27%
US 14:00 - 00:00 -1.35% -911 BTC 59%
Buy vs sell volume for March 11, 2022

Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.

Regime Context

The bull regime was running out of road — 2 day(s) before the market shifted to chop. The transition was already underway in hindsight.

Patterns: bull whale-activity flow-reversal regime-end

Related Days

Days with similar flow patterns and market conditions.

Apr 14, 2021BULL
-0.97%
whale-activity flow-reversal us-dominated regime-end
Apr 15, 2021BULL
+0.32%
whale-activity flow-reversal regime-end
Sep 03, 2021BULL
+1.53%
whale-activity flow-reversal regime-end flow-streak
Sep 06, 2021BULL
+1.75%
whale-activity flow-reversal regime-end
Nov 11, 2021BULL
-0.17%
whale-activity flow-divergence flow-reversal regime-end flow-streak

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