BTC Flow Analysis — April 19, 2021 CHOP
Monday · Minute-level BTC order flow from Binance · 2,390,527 trades
Summary
April 19, 2021: Bitcoin slipped 0.92%. The 1,504 BTC of net selling flow at $55,633 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. 23 bars with trade sizes 3σ+ above normal (peak: 8.8σ), spread across 02:12–23:13 UTC. The 178 BTC of whale flow reinforced the day's selling bias.
Net selling for 6 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
Breaking it down by session: Asia +2.09%, Europe -1.21%, US -1.76%. Asia stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.09% | -747 BTC | 46% |
| Europe | 08:00 - 14:00 | -1.21% | -818 BTC | 50% |
| US | 14:00 - 00:00 | -1.76% | 60 BTC | 4% |
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 chop regime (day 2), with the bull regime barely in the rearview mirror.
Related Days
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