BTC Flow Analysis — October 06, 2021 CHOP
Wednesday · Minute-level BTC order flow from Binance · 2,443,126 trades
Summary
On Wednesday, October 06, 2021, Bitcoin surged +7.5% to $55,315. Net flow: +1,451 BTC — buyers 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
22 bars of outsized trades (peak 5.9σ) appeared between 01:56–23:19 UTC, with whale flow netting 120 BTC of selling.
From $50,382 to $55,750 — a 10.4% range that forced both bulls and bears to respect the volatility.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side buying translated directly into price movement with minimal resistance.
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 Europe and the day would look flat. That session alone contributed 72% of the net flow (2,098 BTC buying).
Morning and afternoon traded like two different markets. Sellers led early (-975 BTC), buyers dominated late (+2,425 BTC).
Across sessions: Asia -0.04%, Europe +4.95%, US +2.44% — with Europe doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.04% | -732 BTC | 25% |
| Europe | 08:00 - 14:00 | 4.95% | 2098 BTC | 72% |
| US | 14:00 - 00:00 | 2.44% | 85 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Even by chop-regime standards, +7.47% was extreme — +3.2σ from the +0.10% average. This wasn't a normal chop day.
This was near the start of a chop regime (day 3), with the bear regime barely in the rearview mirror.
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