BTC Flow Analysis — May 08, 2021 BEAR
Saturday · Minute-level BTC order flow from Binance · 2,311,378 trades
Summary
Bitcoin closed at $58,862 on May 08, 2021 after rallied 2.7%. Aggressor-side flow netted -1,051 BTC, favoring sellers.
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. 28 bars with trade sizes 3σ+ above normal (peak: 7.0σ), spread across 00:20–19:51 UTC. The 383 BTC of whale flow reinforced the day's selling bias.
The day split in half. Buyers controlled the first 12 hours (+159 BTC), then sellers took over (-1,209 BTC). The reversal changed the character of the day.
Day 3 of unbroken net selling. The market had a directional lean and wasn't letting go.
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
The US session drove 69% of the day's directional flow, with 973 BTC of net selling. The other two sessions were comparatively quiet.
The Asia session posted the largest move. Full breakdown: Asia +2.00%, Europe +0.62%, US +0.06%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 2.00% | -257 BTC | 18% |
| Europe | 08:00 - 14:00 | 0.62% | 180 BTC | 13% |
| US | 14:00 - 00:00 | 0.06% | -973 BTC | 69% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
In retrospect, the bear regime was ending. CHOP conditions were 0 day(s) away.
Related Days
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