BTC Flow Analysis — March 24, 2021 CHOP
Wednesday · Minute-level BTC order flow from Binance · 2,401,988 trades
Summary
On Wednesday, March 24, 2021, Bitcoin fell 3.8% to $52,304. Net flow: -4,891 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
Sustained large-player selling throughout the day. 21 bars with trade sizes 3σ+ above normal (peak: 8.7σ), spread across 00:28–22:03 UTC. The 649 BTC of whale flow reinforced the day's selling bias.
A volatile day: 10.1% range from $51,700 to $57,200. Wide ranges like this create opportunities but also traps for directional traders.
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
Strip out US and the day would look flat. That session alone contributed 88% of the net flow (4,824 BTC selling).
Across sessions: Asia +2.06%, Europe +2.34%, US -7.85% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.06% | -368 BTC | 7% |
| Europe | 08:00 - 14:00 | 2.34% | 301 BTC | 5% |
| US | 14:00 - 00:00 | -7.85% | -4824 BTC | 88% |
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 -4,891 BTC placed this day at -3.2σ from the regime mean.
The selling streak extended to 11 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
Days with similar flow patterns and market conditions.
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