BTC Flow Analysis — April 11, 2022 CHOP
Monday · Minute-level BTC order flow from Binance · 1,385,924 trades
Summary
On Monday, April 11, 2022, Bitcoin plunged -6.2% to $39,530. Net flow: -2,474 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
Large-player activity detected: 9 bars with trade sizes 3σ+ above normal (peak: 12.2σ) between 02:02–23:17 UTC. Whale flow netted 237 BTC of buying.
Net selling for 8 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
A clean, flow-driven day. The 0.91 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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 +0.35%, Europe -2.75%, US -3.92% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.35% | 1027 BTC | 23% |
| Europe | 08:00 - 14:00 | -2.75% | -1097 BTC | 24% |
| US | 14:00 - 00:00 | -3.92% | -2404 BTC | 53% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At -2.7σ from the regime mean, this -6.23% move was an outlier within the chop period (avg +0.10%).
With -2,474 BTC of net flow (-1.6σ), selling pressure ran above the chop-regime baseline of -670 BTC.
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