BTC Flow Analysis — September 10, 2022 CHOP
Saturday · Minute-level BTC order flow from Binance · 5,615,783 trades
Summary
Bitcoin ticked up +1.34% on Saturday, September 10, 2022, closing at $21,648 as buyers controlled aggregate flow with 345 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
A cluster of large trades between 05:15–16:44 UTC — 8 bars with trade sizes spiking to 6.0σ above normal. Net buying of 669 BTC, aligned with the day's direction.
Flow reversed midday. The first 12 hours belonged to sellers (-1,344 BTC), but buyers erased that and then some (+1,689 BTC) in the back half.
Day 3 of unbroken net buying. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.86). 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 -0.36%, Europe -0.51%, US +2.25%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.36% | -625 BTC | 16% |
| Europe | 08:00 - 14:00 | -0.51% | -1200 BTC | 30% |
| US | 14:00 - 00:00 | 2.25% | 2170 BTC | 54% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 1 of a fresh chop regime. The market had just flipped from bear, and the new character was still establishing itself.
Trading activity surged to +2.8σ above the regime norm (307,997 BTC). When volume spikes like this, the flow data carries more weight.
Related Days
Days with similar flow patterns and market conditions.
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