BTC Flow Analysis — March 23, 2021 CHOP
Tuesday · Minute-level BTC order flow from Binance · 1,740,349 trades
Summary
March 23, 2021: Bitcoin edged higher (+0.48%). The 663 BTC of net selling flow at $54,341 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
Large-player activity detected: 13 bars with trade sizes 3σ+ above normal (peak: 8.7σ) between 00:17–22:58 UTC. Whale flow netted 164 BTC of buying.
Net selling for 10 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
Most of the action happened during Asia hours, which accounted for 73% of the day's net flow (486 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia +0.14%, Europe +2.03%, US -1.67%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.14% | -486 BTC | 73% |
| Europe | 08:00 - 14:00 | 2.03% | -66 BTC | 10% |
| US | 14:00 - 00:00 | -1.67% | -111 BTC | 17% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Market conditions were chop — and this day didn't deviate. A +0.48% return against a regime average of +0.10%.
Related Days
Days with similar flow patterns and market conditions.
Explore this day's minute-level flow data interactively on the dashboard.
Open Dashboard