BTC Flow Analysis — April 21, 2021 CHOP
Wednesday · Minute-level BTC order flow from Binance · 2,134,946 trades
Summary
Bitcoin sold off -4.7% on Wednesday, April 21, 2021, closing at $53,788 as sellers controlled aggregate flow with 2,607 BTC of net pressure.
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
The big players were active all day. 15 bars of outsized trades (7.2σ peak) from 00:31–22:38 UTC, adding 828 BTC of selling pressure on top of the broader selling flow.
This was day 8 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
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
Asia traders set the tone. 74% of directional flow — 1,929 BTC of selling — came from that single session.
Session returns: Asia -1.99%, Europe +0.48%, US -3.21%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.99% | -1929 BTC | 74% |
| Europe | 08:00 - 14:00 | 0.48% | -608 BTC | 23% |
| US | 14:00 - 00:00 | -3.21% | -70 BTC | 3% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At -2.0σ from the regime mean, this -4.67% move was an outlier within the chop period (avg +0.10%).
Among the final days of this chop period. Within 3 day(s), the market would flip to bear.
Net flow of -2,607 BTC was elevated at -1.7σ vs the chop-regime average of -670 BTC.
Related Days
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