BTC Flow Analysis — May 14, 2021 BEAR
Friday · Minute-level BTC order flow from Binance · 2,095,860 trades
Summary
On Friday, May 14, 2021, Bitcoin ground out a +0.34% gain to $49,841. Net flow: -5,714 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
The big players were active all day. 24 bars of outsized trades (6.4σ peak) from 00:30–23:39 UTC, adding 593 BTC of selling pressure on top of the broader selling flow.
This was day 9 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Across sessions: Asia +0.63%, Europe +1.90%, US -2.15% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.63% | -1124 BTC | 20% |
| Europe | 08:00 - 14:00 | 1.90% | -1809 BTC | 32% |
| US | 14:00 - 00:00 | -2.15% | -2781 BTC | 49% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The 5,714 BTC of net selling was extreme by any measure (-2.2σ vs bear-regime average). The market's typical flow balance broke down.
Day 3 of a fresh bear regime. The market had just flipped from chop, and the new character was still establishing itself.
Related Days
Days with similar flow patterns and market conditions.
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