BTC Flow Analysis — November 01, 2022 CHOP
Tuesday · Minute-level BTC order flow from Binance · 5,971,938 trades
Summary
November 01, 2022: Bitcoin went nowhere. The 1,377 BTC of net selling flow at $20,484 told a clear story — sellers 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
Whale activity concentrated around 08:36 UTC: 7 bars with average trade sizes 5.4σ above baseline. The 493 BTC of net selling added conviction to the selling move.
A clean, flow-driven day. The 0.81 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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
Most of the action happened during Europe hours, which accounted for 77% of the day's net flow (1,954 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia +0.53%, Europe -0.86%, US +0.31%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.53% | 304 BTC | 12% |
| Europe | 08:00 - 14:00 | -0.86% | -1954 BTC | 77% |
| US | 14:00 - 00:00 | 0.31% | 273 BTC | 11% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Volume ran hot: 279,932 BTC traded, +2.5σ above the chop-regime average. High volume days tend to carry more signal.
The selling streak extended to 3 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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