BTC Flow Analysis — December 09, 2022 CHOP
Friday · Minute-level BTC order flow from Binance · 4,282,003 trades
Summary
Bitcoin closed at $17,129 on December 09, 2022 after gave back 0.55%. Aggressor-side flow netted -2,358 BTC, favoring sellers.
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. 19 bars of outsized trades (7.6σ peak) from 00:12–21:06 UTC, adding 1,630 BTC of selling pressure on top of the broader selling flow.
Day 5 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.90). 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
The Europe session drove 62% of the day's directional flow, with 1,463 BTC of net selling. The other two sessions were comparatively quiet.
Session returns were muted across the board: Asia -0.07%, Europe -0.35%, US -0.13%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.07% | -209 BTC | 9% |
| Europe | 08:00 - 14:00 | -0.35% | -1463 BTC | 62% |
| US | 14:00 - 00:00 | -0.13% | -686 BTC | 29% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 2 of a fresh chop regime. The market had just flipped from bear, and the new character was still establishing itself.
A -1.6σ day — selling pressure exceeded the typical chop-regime flow (-670 BTC) by a notable margin.
Trading activity surged to +2.0σ above the regime norm (238,422 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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