BTC Flow Analysis — May 12, 2022 BEAR
Thursday · Minute-level BTC order flow from Binance · 3,951,233 trades
Summary
On Thursday, May 12, 2022, Bitcoin finished near unchanged (-0.25%) to $29,030. Net flow: -1,577 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
The big players were active all day. 18 bars of outsized trades (7.3σ peak) from 00:25–22:42 UTC, adding 216 BTC of selling pressure on top of the broader selling flow.
Day 6 of unbroken net selling. The market had a directional lean and wasn't letting go.
A volatile day: 12.2% range from $26,700 to $30,243. Wide ranges like this create opportunities but also traps for directional traders.
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
Morning and afternoon traded like two different markets. Sellers led early (-2,005 BTC), buyers dominated late (+428 BTC).
Across sessions: Asia -3.13%, Europe +0.05%, US +2.91% — with Asia doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -3.13% | -2510 BTC | 59% |
| Europe | 08:00 - 14:00 | 0.05% | 1330 BTC | 31% |
| US | 14:00 - 00:00 | 2.91% | -397 BTC | 9% |
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 bear regime. The -0.25% return tracked the regime average of -0.27%.
Related Days
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