BTC Flow Analysis — July 14, 2021 BEAR
Wednesday · Minute-level BTC order flow from Binance · 1,123,129 trades
Summary
July 14, 2021: Bitcoin went nowhere. The 1,745 BTC of net selling flow at $32,820 told a clear story — sellers were in charge.
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. 16 bars of outsized trades (10.4σ peak) from 00:59–23:01 UTC, adding 102 BTC of selling pressure on top of the broader selling flow.
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
Most of the action happened during Asia hours, which accounted for 95% of the day's net flow (1,842 BTC selling). The rest of the day was a footnote.
A tale of two halves — sellers pushed 1,950 BTC through the morning, then buyers flipped the script with 205 BTC in the afternoon.
Breaking it down by session: Asia -2.47%, Europe +2.71%, US +0.11%. Europe stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.47% | -1842 BTC | 95% |
| Europe | 08:00 - 14:00 | 2.71% | 84 BTC | 4% |
| US | 14:00 - 00:00 | 0.11% | 13 BTC | 1% |
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 2), with the chop regime barely in the rearview mirror.
The selling streak extended to 3 days. Streaks this long suggest a structural flow, not just intraday traders flipping positions.
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