BTC Flow Analysis — May 05, 2021 BEAR
Wednesday · Minute-level BTC order flow from Binance · 2,378,119 trades
Summary
Bitcoin ripped +8.0% to the upside on Wednesday, May 05, 2021, closing at $57,436 as buyers controlled aggregate flow with 195 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
The big players were active all day. 13 bars of outsized trades (8.4σ peak) from 00:25–23:17 UTC, adding 331 BTC of buying pressure on top of the broader buying flow.
Flow reversed midday. The first 12 hours belonged to sellers (-795 BTC), but buyers erased that and then some (+990 BTC) in the back half.
A volatile day: 9.7% range from $52,900 to $58,070. 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
Session returns: Asia +3.11%, Europe +2.53%, US +2.11%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 3.11% | -702 BTC | 44% |
| Europe | 08:00 - 14:00 | 2.53% | 153 BTC | 10% |
| US | 14:00 - 00:00 | 2.11% | 744 BTC | 47% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Even by bear-regime standards, +7.95% was extreme — +2.3σ from the -0.27% average. This wasn't a normal bear day.
The bear regime was running out of road — 3 day(s) before the market shifted to chop. The transition was already underway in hindsight.
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