BTC Flow Analysis — July 19, 2021 BEAR
Monday · Minute-level BTC order flow from Binance · 846,029 trades
Summary
July 19, 2021: Bitcoin lost 3.0%. The 1,921 BTC of net selling flow at $30,840 told a clear story — sellers were in charge.
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: 23 bars with trade sizes 3σ+ above normal (peak: 6.9σ) between 00:15–17:56 UTC. Whale flow netted 1 BTC of buying.
Day 8 of unbroken net selling. The market had a directional lean and wasn't letting go.
Price followed flow faithfully (correlation: 0.97). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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
Most of the action happened during Europe hours, which accounted for 76% of the day's net flow (1,451 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia -0.55%, Europe -3.16%, US +0.76%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.55% | -137 BTC | 7% |
| Europe | 08:00 - 14:00 | -3.16% | -1451 BTC | 76% |
| US | 14:00 - 00:00 | 0.76% | -333 BTC | 17% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were bear — and this day didn't deviate. A -2.95% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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