BTC Flow Analysis — September 12, 2021 CHOP
Sunday · Minute-level BTC order flow from Binance · 1,179,808 trades
Summary
Bitcoin closed at $46,025 on September 12, 2021 after ticked up 1.89%. Aggressor-side flow netted -623 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
Sustained large-player selling throughout the day. 16 bars with trade sizes 3σ+ above normal (peak: 8.1σ), spread across 00:32–21:46 UTC. The 49 BTC of whale flow reinforced the day's selling bias.
Day 7 of unbroken net selling. The market had a directional lean and wasn't letting go.
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 Asia session drove 78% of the day's directional flow, with 872 BTC of net selling. The other two sessions were comparatively quiet.
The Europe session posted the largest move. Full breakdown: Asia +0.41%, Europe +1.25%, US +0.22%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.41% | -872 BTC | 78% |
| Europe | 08:00 - 14:00 | 1.25% | 182 BTC | 16% |
| US | 14:00 - 00:00 | 0.22% | 66 BTC | 6% |
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 chop — and this day didn't deviate. A +1.89% return against a regime average of +0.10%.
Related Days
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