BTC Flow Analysis — May 09, 2021 CHOP
Sunday · Minute-level BTC order flow from Binance · 2,170,139 trades
Summary
On Sunday, May 09, 2021, Bitcoin drifted lower (-1.06%) to $58,241. Net flow: -1,204 BTC — sellers had the edge.
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
22 bars of outsized trades (peak 6.9σ) appeared between 00:10–22:30 UTC, with whale flow netting 187 BTC of buying.
Net selling for 4 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
Strip out Europe and the day would look flat. That session alone contributed 65% of the net flow (1,156 BTC selling).
Across sessions: Asia -1.53%, Europe -1.29%, US +1.78% — with US doing the heavy lifting.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.53% | 288 BTC | 16% |
| Europe | 08:00 - 14:00 | -1.29% | -1156 BTC | 65% |
| US | 14:00 - 00:00 | 1.78% | -335 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
This was near the start of a chop regime (day 1), with the bear regime barely in the rearview mirror.
Related Days
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