BTC Flow Analysis — April 27, 2021 BEAR
Tuesday · Minute-level BTC order flow from Binance · 1,568,666 trades
Summary
Bitcoin edged higher (+1.87%) on Tuesday, April 27, 2021, closing at $55,012 as sellers controlled aggregate flow with 2,802 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
Flow said sell, price said buy. The -0.82 correlation between cumulative flow and return tells the story: someone was absorbing the selling quietly while price rose +1.87%.
Sustained large-player selling throughout the day. 20 bars with trade sizes 3σ+ above normal (peak: 9.4σ), spread across 00:50–23:57 UTC. The 417 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
Session returns: Asia +1.01%, Europe +0.33%, US +0.52%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 1.01% | -1396 BTC | 50% |
| Europe | 08:00 - 14:00 | 0.33% | -552 BTC | 20% |
| US | 14:00 - 00:00 | 0.52% | -854 BTC | 30% |
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 bear regime (day 3), with the chop regime barely in the rearview mirror.
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