BTC Flow Analysis — June 18, 2021 CHOP
Friday · Minute-level BTC order flow from Binance · 1,809,253 trades
Summary
Bitcoin closed at $35,820 on June 18, 2021 after crashed 6.0%. Aggressor-side flow netted -5,579 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
Large-player activity detected: 24 bars with trade sizes 3σ+ above normal (peak: 7.2σ) between 01:04–19:35 UTC. Whale flow netted 235 BTC of buying.
Day 5 of unbroken net selling. The market had a directional lean and wasn't letting go.
The 8.1% intraday range ($35,129 – $38,203) tells the story of a market in flux. Both sides had their moments.
Flow and price moved in lockstep (correlation: 0.96). Aggressor-side selling translated directly into price movement with minimal resistance.
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 posted the largest move. Full breakdown: Asia -0.99%, Europe -1.34%, US -3.72%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.99% | -1651 BTC | 30% |
| Europe | 08:00 - 14:00 | -1.34% | -901 BTC | 16% |
| US | 14:00 - 00:00 | -3.72% | -3027 BTC | 54% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Flow conviction was unusually strong: 5,579 BTC net selling, registering at -3.7σ relative to other chop-regime days. This wasn't noise — it was a directional statement.
At -2.6σ from the regime mean, this -5.97% move was an outlier within the chop period (avg +0.10%).
The market was 1 day(s) into a new chop regime, having transitioned from bear. Early-regime days often carry residual momentum from the prior period.
Related Days
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