BTC Flow Analysis — September 22, 2021 BEAR
Wednesday · Minute-level BTC order flow from Binance · 1,304,011 trades
Summary
September 22, 2021: Bitcoin surged +6.9%. The 294 BTC of net buying flow at $43,544 told a clear story — buyers 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 buying throughout the day. 11 bars with trade sizes 3σ+ above normal (peak: 8.5σ), spread across 00:52–21:32 UTC. The 619 BTC of whale flow reinforced the day's buying bias.
The 8.4% intraday range ($40,565 – $44,001) tells the story of a market in flux. Both sides had their moments.
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
A tale of two halves — sellers pushed 920 BTC through the morning, then buyers flipped the script with 1,214 BTC in the afternoon.
Breaking it down by session: Asia +4.43%, Europe -0.40%, US +2.76%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 4.43% | -566 BTC | 30% |
| Europe | 08:00 - 14:00 | -0.40% | -232 BTC | 12% |
| US | 14:00 - 00:00 | 2.76% | 1092 BTC | 58% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 3 day(s) into a new bear regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
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