Open
$20,038
Close
$19,556
Return
-2.41%
Net Flow
-581 BTC
Volume
139,308 BTC
Buy/Sell Ratio
0.99

Summary

Bitcoin closed at $19,556 on August 28, 2022 after sold off 2.4%. Aggressor-side flow netted -581 BTC, favoring sellers.

BTC price and volume for August 28, 2022

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. 28 bars with trade sizes 3σ+ above normal (peak: 7.1σ), spread across 00:26–23:25 UTC. The 354 BTC of whale flow reinforced the day's selling bias.

The day split in half. Buyers controlled the first 12 hours (+213 BTC), then sellers took over (-794 BTC). The reversal changed the character of the day.

Day 5 of unbroken net selling. The market had a directional lean and wasn't letting go.

Cumulative flow vs return for August 28, 2022

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

The US session drove 73% of the day's directional flow, with 765 BTC of net selling. The other two sessions were comparatively quiet.

The US session posted the largest move. Full breakdown: Asia +0.09%, Europe -0.59%, US -1.93%.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 0.09% 233 BTC 22%
Europe 08:00 - 14:00 -0.59% -49 BTC 5%
US 14:00 - 00:00 -1.93% -765 BTC 73%
Buy vs sell volume for August 28, 2022

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 bear regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.

Patterns: bear whale-activity flow-reversal us-dominated regime-start flow-streak

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