BTC Flow Analysis — June 25, 2021 BEAR
Friday · Minute-level BTC order flow from Binance · 2,094,932 trades
Summary
Bitcoin dropped 8.9% in a sharp selloff on Friday, June 25, 2021, closing at $31,584 as sellers controlled aggregate flow with 4,749 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. 25 bars of outsized trades (5.7σ peak) from 00:58–23:30 UTC, adding 570 BTC of selling pressure on top of the broader selling flow.
A volatile day: 12.2% range from $31,275 to $35,500. Wide ranges like this create opportunities but also traps for directional traders.
Price followed flow faithfully (correlation: 0.89). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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
US traders set the tone. 74% of directional flow — 3,497 BTC of selling — came from that single session.
Session returns: Asia -1.09%, Europe -3.78%, US -4.26%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.09% | -638 BTC | 13% |
| Europe | 08:00 - 14:00 | -3.78% | -614 BTC | 13% |
| US | 14:00 - 00:00 | -4.26% | -3497 BTC | 74% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Even by bear-regime standards, -8.88% was extreme — -2.4σ from the -0.27% average. This wasn't a normal bear day.
A -1.8σ day — selling pressure exceeded the typical bear-regime flow (-1,189 BTC) by a notable margin.
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