BTC Flow Analysis — November 20, 2021 BEAR
Saturday · Minute-level BTC order flow from Binance · 1,200,190 trades
Summary
Bitcoin closed at $59,708 on November 20, 2021 after climbed 2.8%. Aggressor-side flow netted -447 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. 30 bars with trade sizes 3σ+ above normal (peak: 11.9σ), spread across 01:11–23:55 UTC. The 2 BTC of whale flow reinforced the day's selling bias.
The day split in half. Sellers controlled the first 12 hours (-511 BTC), then buyers took over (+64 BTC). The reversal changed the character of the day.
Day 5 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 US session posted the largest move. Full breakdown: Asia +0.56%, Europe +0.15%, US +2.12%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.56% | -378 BTC | 45% |
| Europe | 08:00 - 14:00 | 0.15% | -262 BTC | 31% |
| US | 14:00 - 00:00 | 2.12% | 193 BTC | 23% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This was near the start of a bear regime (day 3), with the chop regime barely in the rearview mirror.
Related Days
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