BTC Flow Analysis — May 11, 2022 BEAR
Wednesday · Minute-level BTC order flow from Binance · 3,559,270 trades
Summary
Bitcoin closed at $29,104 on May 11, 2022 after crashed 6.2%. Aggressor-side flow netted -7,820 BTC, favoring sellers.
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: 16 bars with trade sizes 3σ+ above normal (peak: 6.6σ) between 00:21–19:41 UTC. Whale flow netted 987 BTC of buying.
Day 5 of unbroken net selling. The market had a directional lean and wasn't letting go.
The 14.1% intraday range ($27,785 – $32,163) tells the story of a market in flux. Both sides had their moments.
Flow and price moved in lockstep (correlation: 0.88). Aggressor-side selling translated directly into price movement with minimal resistance.
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
The US session drove 63% of the day's directional flow, with 4,898 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -1.30%, Europe +2.02%, US -6.80%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.30% | -726 BTC | 9% |
| Europe | 08:00 - 14:00 | 2.02% | -2195 BTC | 28% |
| US | 14:00 - 00:00 | -6.80% | -4898 BTC | 63% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Flow conviction was unusually strong: 7,820 BTC net selling, registering at -3.0σ relative to other bear-regime days. This wasn't noise — it was a directional statement.
Related Days
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