BTC Flow Analysis — October 22, 2022 BEAR
Saturday · Minute-level BTC order flow from Binance · 2,887,106 trades
Summary
On Saturday, October 22, 2022, Bitcoin went nowhere to $19,204. Net flow: -2,136 BTC — sellers 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
The big players were active all day. 18 bars of outsized trades (4.7σ peak) from 00:11–21:50 UTC, adding 123 BTC of selling pressure on top of the broader selling flow.
A disconnect between flow and price (correlation: -0.44). Neither buyers nor sellers could convert aggressor-side pressure into directional movement.
This was day 5 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
An unusually tight range: 0.75% from high to low. Compression days like this tend to resolve with a larger move in the days that follow.
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 were muted across the board: Asia -0.00%, Europe +0.17%, US +0.04%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.00% | 335 BTC | 12% |
| Europe | 08:00 - 14:00 | 0.17% | -902 BTC | 32% |
| US | 14:00 - 00:00 | 0.04% | -1569 BTC | 56% |
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.
Related Days
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