BTC Flow Analysis — March 20, 2021 CHOP
Saturday · Minute-level BTC order flow from Binance · 1,724,131 trades
Summary
On Saturday, March 20, 2021, Bitcoin traded flat to $58,102. Net flow: -52 BTC — sellers had the edge.
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
24 bars of outsized trades (peak 11.1σ) appeared between 00:10–23:53 UTC, with whale flow netting 18 BTC of buying.
This was day 7 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Flow and price moved in lockstep (correlation: 0.86). Aggressor-side selling translated directly into price movement with minimal resistance.
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
Morning and afternoon traded like two different markets. Buyers led early (+368 BTC), sellers dominated late (-420 BTC).
Across sessions: Asia +0.64%, Europe +1.08%, US -1.57% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.64% | -195 BTC | 11% |
| Europe | 08:00 - 14:00 | 1.08% | 833 BTC | 48% |
| US | 14:00 - 00:00 | -1.57% | -690 BTC | 40% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were chop — and this day didn't deviate. A +0.12% return against a regime average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
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