Condition · recorded history

Whale prints carrying a third of volume

Large trades have accounted for at least a third of traded volume over the last 15 minutes.

What is order flow?

Recorded window: 9 Sept 2026 to 8 Oct 2026 (UTC). Counted 10 Oct 2026 at 08:59 UTC.

Read it in context

On one market
Each market page compares that market with its own minutes, not with every market at once.
Compare markets
Test it, then plan it
Narrow it to your markets and dates in the Workbench. A tested result leads to Plan a trade, which measures what trading it would have paid after costs.
Edit this test in Workbench

By market

Results vary by market. Compare a market before drawing a conclusion.

Most matches:BTCUSDT ETHUSDT SOLUSDT TRXUSDT PAXGUSDT UNIUSDT

All 38 markets

How results varied by market

Range across 26 markets with at least 30 measured: reached +5% within 24 hours in 0 of 91 on PAXGUSDT (0%) to 26 of 40 on PUMPUSDT (65%).

Every market pooled, without context

What happened in the next 24 hours?

Both moves were less common than on minutes without it.

Other minutes are the same markets and dates without this condition. Each percentage is the share of measured minutes that reached that move from the starting price.

Price touched +5% or higher

When this held: 25.1% · 1,300 of 5,188 minutes
Other minutes: 34.0% · 7,313,474 of 21,524,838 minutes

Price touched −10% or lower

When this held: 4.4% · 229 of 5,188 minutes
Other minutes: 6.2% · 1,344,430 of 21,524,838 minutes

Price can touch both levels within the same 24 hours.

Every matching minute counts, so one long run adds many near-identical minutes. Busy markets weigh most.

Every condition is measured over the same 24 hours, whatever the length of its own reading. Other windows and move sizes shows shorter and longer windows.

This counts how often price touched a level, not what trading it would have paid.

Sample and counting

All 5,188 matches, pooled across 524 markets, have a full 24 hours after them.

When it happened

About 167 a day, on 30 of 31 days: spread through the record rather than one event.

Other windows and move sizes

Matches that reached each move within each window. Counts first; the measured row is what each rate is over.
Move	1 hour	4 hours	24 hours	72 hours	7 days
Measured	5,188	5,188	5,188	4,818	3,802
Too recent	0	0	0	370	1,386
+0.1% or more	4,361 (84.1%)	4,750 (91.6%)	5,011 (96.6%)	4,728 (98.1%)	3,779 (99.4%)
+0.2% or more	3,709 (71.5%)	4,410 (85.0%)	4,876 (94.0%)	4,666 (96.8%)	3,761 (98.9%)
+0.5% or more	2,341 (45.1%)	3,471 (66.9%)	4,463 (86.0%)	4,477 (92.9%)	3,713 (97.7%)
+1% or more	1,099 (21.2%)	2,333 (45.0%)	3,820 (73.6%)	4,174 (86.6%)	3,594 (94.5%)
+2% or more	323 (6.2%)	1,137 (21.9%)	2,837 (54.7%)	3,541 (73.5%)	3,324 (87.4%)
+5% or more	44 (0.8%)	226 (4.4%)	1,300 (25.1%)	2,163 (44.9%)	2,486 (65.4%)
+10% or more	11 (0.2%)	42 (0.8%)	402 (7.7%)	1,060 (22.0%)	1,681 (44.2%)
+15% or more	7 (0.1%)	19 (0.4%)	169 (3.3%)	601 (12.5%)	1,175 (30.9%)
+20% or more	4 (0.1%)	8 (0.2%)	87 (1.7%)	330 (6.8%)	789 (20.8%)
+30% or more	2 (<0.1%)	5 (0.1%)	39 (0.8%)	137 (2.8%)	429 (11.3%)
+50% or more	2 (<0.1%)	3 (0.1%)	12 (0.2%)	44 (0.9%)	136 (3.6%)
+100% or more	0 (0.0%)	1 (<0.1%)	1 (<0.1%)	3 (0.1%)	11 (0.3%)
+200% or more	0 (0.0%)	0 (0.0%)	0 (0.0%)	0 (0.0%)	2 (0.1%)
+400% or more	0 (0.0%)	0 (0.0%)	0 (0.0%)	0 (0.0%)	2 (0.1%)
−0.1% or lower	4,334 (83.5%)	4,762 (91.8%)	5,018 (96.7%)	4,722 (98.0%)	3,741 (98.4%)
−0.2% or lower	3,673 (70.8%)	4,418 (85.2%)	4,879 (94.0%)	4,652 (96.6%)	3,711 (97.6%)
−0.5% or lower	2,288 (44.1%)	3,517 (67.8%)	4,465 (86.1%)	4,445 (92.3%)	3,590 (94.4%)
−1% or lower	1,065 (20.5%)	2,380 (45.9%)	3,937 (75.9%)	4,138 (85.9%)	3,392 (89.2%)
−2% or lower	302 (5.8%)	1,117 (21.5%)	2,886 (55.6%)	3,479 (72.2%)	2,979 (78.4%)
−5% or lower	34 (0.7%)	146 (2.8%)	1,161 (22.4%)	2,109 (43.8%)	1,996 (52.5%)
−10% or lower	5 (0.1%)	15 (0.3%)	229 (4.4%)	787 (16.3%)	912 (24.0%)
−15% or lower	5 (0.1%)	8 (0.2%)	36 (0.7%)	212 (4.4%)	328 (8.6%)
−20% or lower	3 (0.1%)	5 (0.1%)	17 (0.3%)	59 (1.2%)	123 (3.2%)
−30% or lower	0 (0.0%)	2 (<0.1%)	6 (0.1%)	11 (0.2%)	32 (0.8%)
−50% or lower	0 (0.0%)	0 (0.0%)	0 (0.0%)	0 (0.0%)	2 (0.1%)

Each window counts only matches old enough for it, so a longer window can show fewer.

Distributions and daily counts

Upside reached · 24hThe most price moved up within 24 hours of each match: a high-water mark, never a close. 5,188 with a complete 24 hours.

Drawdown · 24hThe worst price moved against within 24 hours of each match: the deepest point, never the close. 5,188 with a complete 24 hours.

Price 30 minutes laterForward 30-minute returns across 5,183 matches: close to an even split, which is what a coin flip looks like. 5 too recent.

How to read a distribution

Matches per UTC day

9 Sep139 matches
10 Sep148 matches
11 Sep124 matches
12 Sep142 matches
13 Sep181 matches
14 Sep141 matches
15 Sep129 matches
16 Sep140 matches
17 Sep122 matches
18 Sep155 matches
19 Sep144 matches
20 Sep150 matches
21 Sep161 matches
22 Sep136 matches
23 Sep146 matches
24 Sep141 matches
25 Sep168 matches
26 Sep183 matches
27 Sep192 matches
28 Sep169 matches
29 Sep151 matches
30 Sep151 matches
1 Oct164 matches
2 Oct240 matches
3 Oct245 matches
4 Oct253 matches
5 Oct267 matches
6 Oct249 matches
7 Oct253 matches
8 Oct204 matches
9 Oct0 matches

How this is counted

Each rate counts only matches with the full window after them.
A minute where a reading was missing is left out and reported, not read as zero.
The condition picks the setup, never the outcome: a definition that filters on what followed is rejected (OUTCOME_IN_PREDICATE). Every match is measured, winners and losers alike.
"Other minutes" is every other eligible minute in the same markets and window. It is a reference, not a control group.
"Reached +5%" uses the highest price inside the window (maximum favourable excursion, MFE); "fell to −10%" uses the lowest (maximum adverse excursion, MAE). Neither is the close.
Checked 22,568,330 eligible market-minutes (eligible_symbol_buckets) on 524 markets, 2026-09-09 00:00 to 2026-10-09 00:00 UTC.
These counts pool every market, so markets that match often weigh more. Each market page compares that market with its own reference.
Live status is not connected yet, so this page is recorded history only.

What are MFE and MAE?

Reproducibility key (q#82bd83e9)

The key that re-runs this exact count. Same key, same bytes; when the record grows, the dataset revision changes.

grammar: research_query.v2
normalization: archive_normalization.v1
feature library: feature_defs.v1
dataset revision: 93cd3cf8f5c7203ce4e169c1c20a233729e78865d9588043f3bc45a8c7412486
query hash: 82bd83e97c06ad5aa0614b4ca159b88f3ecd86d00a1f3a9b0b067a3399b2ffd6
scanned window: 2026-09-09T00:00:00.000Z to 2026-10-09T00:00:00.000Z (UTC)

Re-run over the API

The exact search definition behind this count. Send it to the key-authed research API (or the MCP research tool) and compare the bytes; a cached rerun is free.

{
  "schema_version": "research_query.v2",
  "normalization_version": "archive_normalization.v1",
  "feature_version": "feature_defs.v1",
  "target": "record_occurrences",
  "where": {
    "all": [
      [
        "feature.large_trade_share_15m",
        "gte",
        0.33
      ],
      [
        "times.anchor_time",
        "between",
        [
          "2026-09-09T00:00:00.000Z",
          "2026-10-09T00:00:00.000Z"
        ]
      ]
    ]
  },
  "sort": [
    "times.anchor_time",
    "desc"
  ],
  "page": {
    "limit": 50,
    "cursor": null
  }
}

curl -s https://app.edgedepth.com/api/v1/research/query \
  -H 'authorization: Bearer $EDGEDEPTH_API_KEY' \
  -H 'content-type: application/json' \
  -d '{"schema_version":"research_query.v2","normalization_version":"archive_normalization.v1","feature_version":"feature_defs.v1","target":"record_occurrences","where":{"all":[["feature.large_trade_share_15m","gte",0.33],["times.anchor_time","between",["2026-09-09T00:00:00.000Z","2026-10-09T00:00:00.000Z"]]]},"sort":["times.anchor_time","desc"],"page":{"limit":50,"cursor":null}}'