BTC Flow Analysis — April 16, 2021 BULL
Friday · Minute-level BTC order flow from Binance · 2,639,940 trades
Summary
April 16, 2021: Bitcoin fell 2.9%. The 4,624 BTC of net selling flow at $61,335 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
Sustained large-player selling throughout the day. 21 bars with trade sizes 3σ+ above normal (peak: 8.4σ), spread across 00:15–14:58 UTC. The 129 BTC of whale flow reinforced the day's selling bias.
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 -2.76%, Europe -1.41%, US +1.30%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.76% | -2430 BTC | 53% |
| Europe | 08:00 - 14:00 | -1.41% | -1313 BTC | 28% |
| US | 14:00 - 00:00 | 1.30% | -881 BTC | 19% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Flow conviction was unusually strong: 4,624 BTC net selling, registering at -2.7σ relative to other bull-regime days. This wasn't noise — it was a directional statement.
In retrospect, the bull regime was ending. CHOP conditions were 1 day(s) away.
The selling streak extended to 3 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
Related Days
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