BTC Flow Analysis — July 20, 2022 BULL
Wednesday · Minute-level BTC order flow from Binance · 6,364,038 trades
Summary
Bitcoin gave back 0.75% on Wednesday, July 20, 2022, closing at $23,223 as buyers controlled aggregate flow with 879 BTC of net pressure.
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. 13 bars of outsized trades (10.0σ peak) from 00:11–22:07 UTC, adding 342 BTC of buying pressure on top of the broader buying flow.
Flow reversed midday. The first 12 hours belonged to buyers (+989 BTC), but sellers erased that and then some (-110 BTC) in the back half.
Day 5 of unbroken net buying. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.85). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 -0.07%, Europe +1.71%, US -2.35%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.07% | 683 BTC | 23% |
| Europe | 08:00 - 14:00 | 1.71% | 1241 BTC | 42% |
| US | 14:00 - 00:00 | -2.35% | -1046 BTC | 35% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 3 day(s) into a new bull regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
Volume ran hot: 238,762 BTC traded, +2.2σ above the bull-regime average. High volume days tend to carry more signal.
Related Days
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