BTC Flow Analysis — December 16, 2022 CHOP
Friday · Minute-level BTC order flow from Binance · 5,703,001 trades
Summary
December 16, 2022: Bitcoin lost 4.2%. The 6,629 BTC of net selling flow at $16,632 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
The big players were active all day. 20 bars of outsized trades (6.5σ peak) from 04:58–23:46 UTC, adding 2,040 BTC of selling pressure on top of the broader selling flow.
This was day 3 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.98). 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 +0.84%, Europe -3.18%, US -1.85%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.84% | -670 BTC | 10% |
| Europe | 08:00 - 14:00 | -3.18% | -2478 BTC | 37% |
| US | 14:00 - 00:00 | -1.85% | -3480 BTC | 52% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The 6,629 BTC of net selling was extreme by any measure (-4.4σ vs chop-regime average). The market's typical flow balance broke down.
Volume ran hot: 253,379 BTC traded, +2.2σ above the chop-regime average. High volume days tend to carry more signal.
Related Days
Days with similar flow patterns and market conditions.
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