BTC Flow Analysis — September 23, 2022 BEAR
Friday · Minute-level BTC order flow from Binance · 5,906,265 trades
Summary
Bitcoin slipped 0.58% on Friday, September 23, 2022, closing at $19,290 as buyers controlled aggregate flow with 3,797 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 05:01–22:22 UTC — 8 bars with trade sizes spiking to 3.6σ above normal. Net buying of 2 BTC, aligned with the day's direction.
Flow reversed midday. The first 12 hours belonged to sellers (-193 BTC), but buyers erased that and then some (+3,991 BTC) in the back half.
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
US traders set the tone. 96% of directional flow — 3,971 BTC of buying — came from that single session.
Session returns: Asia -0.92%, Europe -3.03%, US +3.48%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.92% | 5 BTC | 0% |
| Europe | 08:00 - 14:00 | -3.03% | -179 BTC | 4% |
| US | 14:00 - 00:00 | 3.48% | 3971 BTC | 96% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The bear regime was running out of road — 1 day(s) before the market shifted to chop. The transition was already underway in hindsight.
Unusually heavy volume at 385,887 BTC — +2.7σ above the bear-regime baseline. The market was paying attention.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard