BTC Flow Analysis — June 21, 2021 BEAR
Monday · Minute-level BTC order flow from Binance · 2,688,993 trades
Summary
On Monday, June 21, 2021, Bitcoin plunged -11.2% to $31,609. Net flow: -6,184 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
Large-player activity detected: 21 bars with trade sizes 3σ+ above normal (peak: 7.6σ) between 00:18–18:08 UTC. Whale flow netted 62 BTC of buying.
Net selling for 8 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
From $31,251 to $35,750 — a 12.6% range that forced both bulls and bears to respect the volatility.
A clean, flow-driven day. The 0.95 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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 -7.23%, Europe +0.38%, US -4.65% — with Asia doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -7.23% | -2754 BTC | 45% |
| Europe | 08:00 - 14:00 | 0.38% | -1564 BTC | 25% |
| US | 14:00 - 00:00 | -4.65% | -1866 BTC | 30% |
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 bear regime. Net flow of -6,184 BTC placed this day at -2.4σ from the regime mean.
A statistical outlier: -11.21% return sits at -3.0σ from the bear-regime average of -0.27%. Days like this are rare within this regime.
This was near the start of a bear regime (day 3), with the chop regime barely in the rearview mirror.
Related Days
Days with similar flow patterns and market conditions.
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