BTC Flow Analysis — April 22, 2021 CHOP
Thursday · Minute-level BTC order flow from Binance · 2,744,621 trades
Summary
Bitcoin closed at $51,691 on April 22, 2021 after sold off 3.9%. Aggressor-side flow netted -3,555 BTC, favoring sellers.
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. 25 bars of outsized trades (5.9σ peak) from 00:41–23:23 UTC, adding 286 BTC of selling pressure on top of the broader selling flow.
Day 9 of unbroken net selling. The market had a directional lean and wasn't letting go.
The 9.3% intraday range ($50,500 – $55,521) tells the story of a market in flux. Both sides had their moments.
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
The US session drove 61% of the day's directional flow, with 2,177 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia +0.66%, Europe +0.50%, US -5.01%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.66% | -1056 BTC | 30% |
| Europe | 08:00 - 14:00 | 0.50% | -321 BTC | 9% |
| US | 14:00 - 00:00 | -5.01% | -2177 BTC | 61% |
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 -3,555 BTC placed this day at -2.3σ from the regime mean.
Among the final days of this chop period. Within 2 day(s), the market would flip to bear.
Related Days
Days with similar flow patterns and market conditions.
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