BTC Flow Analysis — September 22, 2022 BEAR
Thursday · Minute-level BTC order flow from Binance · 6,251,862 trades
Summary
September 22, 2022: Bitcoin ripped +5.1% to the upside. The 2,653 BTC of net buying flow at $19,402 told a clear story — buyers 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
The big players were active all day. 12 bars of outsized trades (5.6σ peak) from 00:54–23:09 UTC, adding 103 BTC of buying pressure on top of the broader buying flow.
Price followed flow faithfully (correlation: 0.91). 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 +2.56%, Europe -0.16%, US +2.64%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.56% | 1052 BTC | 40% |
| Europe | 08:00 - 14:00 | -0.16% | 374 BTC | 14% |
| US | 14:00 - 00:00 | 2.64% | 1227 BTC | 46% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this bear period. Within 2 day(s), the market would flip to chop.
Volume ran hot: 379,322 BTC traded, +2.6σ above the bear-regime average. High volume days tend to carry more signal.
Related Days
Days with similar flow patterns and market conditions.
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