BTC Flow Analysis — August 04, 2022 BULL
Thursday · Minute-level BTC order flow from Binance · 4,966,138 trades
Summary
August 04, 2022: Bitcoin gave back 0.85%. The 2,607 BTC of net selling flow at $22,623 told a clear story — sellers were in charge.
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
Sustained large-player selling throughout the day. 35 bars with trade sizes 3σ+ above normal (peak: 6.3σ), spread across 01:30–23:27 UTC. The 1,425 BTC of whale flow reinforced the day's selling bias.
Most of the action happened during US hours, which accounted for 79% of the day's net flow (2,067 BTC selling). The rest of the day was a footnote.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.95). 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
Breaking it down by session: Asia +0.57%, Europe +0.35%, US -1.76%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.57% | -244 BTC | 9% |
| Europe | 08:00 - 14:00 | 0.35% | -296 BTC | 11% |
| US | 14:00 - 00:00 | -1.76% | -2067 BTC | 79% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bull regime was running out of road — 1 day(s) before the market shifted to chop. The transition was already underway in hindsight.
A -1.5σ day — selling pressure exceeded the typical bull-regime flow (-386 BTC) by a notable margin.
Related Days
Days with similar flow patterns and market conditions.
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