BTC Flow Analysis — July 28, 2021 BULL
Wednesday · Minute-level BTC order flow from Binance · 2,631,048 trades
Summary
July 28, 2021: Bitcoin ground out a +1.43% gain. The 3,306 BTC of net selling flow at $40,020 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
Sustained large-player selling throughout the day. 17 bars with trade sizes 3σ+ above normal (peak: 8.3σ), spread across 00:30–16:43 UTC. The 409 BTC of whale flow reinforced the day's selling bias.
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
Breaking it down by session: Asia +1.11%, Europe -0.62%, US +0.93%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.11% | -438 BTC | 13% |
| Europe | 08:00 - 14:00 | -0.62% | -1769 BTC | 54% |
| US | 14:00 - 00:00 | 0.93% | -1099 BTC | 33% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bull regime (day 2), with the bear regime barely in the rearview mirror.
With -3,306 BTC of net flow (-1.9σ), selling pressure ran above the bull-regime baseline of -386 BTC.
Related Days
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