BTC Flow Analysis — July 05, 2021 CHOP
Monday · Minute-level BTC order flow from Binance · 1,109,367 trades
Summary
Bitcoin fell 4.5% on Monday, July 05, 2021, closing at $33,690 as sellers controlled aggregate flow with 1,144 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
25 bars of outsized trades (peak 7.1σ) appeared between 03:24–22:01 UTC, with whale flow netting 650 BTC of buying.
Flow reversed midday. The first 12 hours belonged to sellers (-1,880 BTC), but buyers erased that and then some (+736 BTC) in the back half.
This was day 8 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
A clean, flow-driven day. The 0.86 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.
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. 71% of directional flow — 980 BTC of selling — came from that single session.
Session returns: Asia -2.92%, Europe -1.90%, US +0.24%. Asia led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.92% | -980 BTC | 71% |
| Europe | 08:00 - 14:00 | -1.90% | -279 BTC | 20% |
| US | 14:00 - 00:00 | 0.24% | 114 BTC | 8% |
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 2), with the bear regime barely in the rearview mirror.
Related Days
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