BTC Flow Analysis — May 31, 2022 BEAR
Tuesday · Minute-level BTC order flow from Binance · 1,161,340 trades
Summary
On Tuesday, May 31, 2022, Bitcoin traded flat to $31,801. Net flow: -2,339 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. 16 bars of outsized trades (10.2σ peak) from 01:16–19:59 UTC, adding 1,224 BTC of selling pressure on top of the broader selling flow.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Strip out Asia and the day would look flat. That session alone contributed 86% of the net flow (2,346 BTC selling).
Morning and afternoon traded like two different markets. Sellers led early (-2,341 BTC), buyers dominated late (+2 BTC).
Across sessions: Asia -0.51%, Europe -0.57%, US +1.30% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.51% | -2346 BTC | 86% |
| Europe | 08:00 - 14:00 | -0.57% | -188 BTC | 7% |
| US | 14:00 - 00:00 | 1.30% | 195 BTC | 7% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A +0.21% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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