BTC Flow Analysis — October 26, 2021 BULL
Tuesday · Minute-level BTC order flow from Binance · 1,334,460 trades
Summary
October 26, 2021: Bitcoin sold off -4.4%. The 2,819 BTC of net selling flow at $60,329 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
The big players were active all day. 24 bars of outsized trades (7.3σ peak) from 01:05–23:59 UTC, adding 582 BTC of selling pressure on top of the broader selling flow.
Most of the action happened during US hours, which accounted for 84% of the day's net flow (2,493 BTC selling). The rest of the day was a footnote.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side selling 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
Breaking it down by session: Asia -1.02%, Europe -0.36%, US -3.02%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.02% | 83 BTC | 3% |
| Europe | 08:00 - 14:00 | -0.36% | -409 BTC | 14% |
| US | 14:00 - 00:00 | -3.02% | -2493 BTC | 84% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Net flow of -2,819 BTC was elevated at -1.7σ vs the bull-regime average of -386 BTC.
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