BTC Flow Analysis — March 15, 2021 CHOP
Monday · Minute-level BTC order flow from Binance · 2,683,815 trades
Summary
Bitcoin plunged -5.7% on Monday, March 15, 2021, closing at $55,605 as sellers controlled aggregate flow with 3,121 BTC of net pressure.
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
Large-player activity detected: 14 bars with trade sizes 3σ+ above normal (peak: 12.8σ) between 00:41–22:46 UTC. Whale flow netted 797 BTC of buying.
From $54,600 to $60,633 — a 10.2% range that forced both bulls and bears to respect the volatility.
A clean, flow-driven day. The 0.96 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
Europe traders set the tone. 67% of directional flow — 2,088 BTC of selling — came from that single session.
Session returns: Asia -2.01%, Europe -1.62%, US -2.20%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.01% | -951 BTC | 30% |
| Europe | 08:00 - 14:00 | -1.62% | -2088 BTC | 67% |
| US | 14:00 - 00:00 | -2.20% | -81 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the heaviest selling days in this chop regime. Net flow of -3,121 BTC placed this day at -2.1σ from the regime mean.
A statistical outlier: -5.72% return sits at -2.5σ from the chop-regime average of +0.10%. Days like this are rare within this regime.
Related Days
Days with similar flow patterns and market conditions.
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