BTC Flow Analysis — September 13, 2021 CHOP
Monday · Minute-level BTC order flow from Binance · 1,703,512 trades
Summary
On Monday, September 13, 2021, Bitcoin lost 2.4% to $44,941. Net flow: -1,347 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
26 bars of outsized trades (peak 5.5σ) appeared between 00:24–23:38 UTC, with whale flow netting 150 BTC of buying.
Net selling for 8 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Strip out Asia and the day would look flat. That session alone contributed 88% of the net flow (1,463 BTC selling).
Morning and afternoon traded like two different markets. Sellers led early (-1,752 BTC), buyers dominated late (+405 BTC).
Across sessions: Asia -3.38%, Europe +3.75%, US -2.60% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -3.38% | -1463 BTC | 88% |
| Europe | 08:00 - 14:00 | 3.75% | -38 BTC | 2% |
| US | 14:00 - 00:00 | -2.60% | 154 BTC | 9% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a chop regime. The -2.36% return tracked the regime average of +0.10%.
Related Days
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