BTC Flow Analysis — March 28, 2021 CHOP
Sunday · Minute-level BTC order flow from Binance · 1,551,283 trades
Summary
March 28, 2021: Bitcoin finished near unchanged (-0.07%). The 525 BTC of net selling flow at $55,778 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: 5.4σ) between 02:11–17:56 UTC. Whale flow netted 246 BTC of buying.
Price followed flow faithfully (correlation: 0.81). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 Europe hours, which accounted for 88% of the day's net flow (532 BTC selling). The rest of the day was a footnote.
Breaking it down by session: Asia +0.69%, Europe -0.80%, US +0.05%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.69% | -34 BTC | 6% |
| Europe | 08:00 - 14:00 | -0.80% | -532 BTC | 88% |
| US | 14:00 - 00:00 | 0.05% | 41 BTC | 7% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The selling streak extended to 15 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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