BTC Flow Analysis — May 17, 2021 BEAR
Monday · Minute-level BTC order flow from Binance · 3,216,821 trades
Summary
On Monday, May 17, 2021, Bitcoin dropped 6.2% in a sharp selloff to $43,538. Net flow: -5,437 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. 28 bars of outsized trades (6.0σ peak) from 01:25–22:48 UTC, adding 363 BTC of selling pressure on top of the broader selling flow.
Net selling for 12 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
The 10.1% intraday range ($42,001 – $46,686) 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
Across sessions: Asia -2.75%, Europe -0.25%, US -3.31% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.75% | -3369 BTC | 57% |
| Europe | 08:00 - 14:00 | -0.25% | 260 BTC | 4% |
| US | 14:00 - 00:00 | -3.31% | -2327 BTC | 39% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Net selling hit 5,437 BTC, landing -2.1σ outside the bear-regime norm. Days with this level of one-sided flow have historically marked inflection points within the regime.
Related Days
Days with similar flow patterns and market conditions.
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