BTC Flow Analysis — August 23, 2022 CHOP
Tuesday · Minute-level BTC order flow from Binance · 6,333,442 trades
Summary
On Tuesday, August 23, 2022, Bitcoin edged higher (+0.60%) to $21,529. Net flow: +1,477 BTC — buyers 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
Sustained large-player buying throughout the day. 31 bars with trade sizes 3σ+ above normal (peak: 7.3σ), spread across 00:29–23:59 UTC. The 286 BTC of whale flow reinforced the day's buying bias.
Flow and price moved in lockstep (correlation: 0.84). Aggressor-side buying 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
Strip out Europe and the day would look flat. That session alone contributed 64% of the net flow (951 BTC buying).
Across sessions: Asia -0.45%, Europe +1.01%, US +0.05% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.45% | 235 BTC | 16% |
| Europe | 08:00 - 14:00 | 1.01% | 951 BTC | 64% |
| US | 14:00 - 00:00 | 0.05% | 291 BTC | 20% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a chop regime (day 2), with the bull regime barely in the rearview mirror.
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