BTC Flow Analysis — July 23, 2021 BEAR
Friday · Minute-level BTC order flow from Binance · 1,394,786 trades
Summary
Bitcoin rallied +4.2% on Friday, July 23, 2021, closing at $33,634 as sellers controlled aggregate flow with 75 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
Sustained large-player selling throughout the day. 18 bars with trade sizes 3σ+ above normal (peak: 6.0σ), spread across 04:19–23:18 UTC. The 489 BTC of whale flow reinforced the day's selling bias.
Flow reversed midday. The first 12 hours belonged to sellers (-453 BTC), but buyers erased that and then some (+378 BTC) in the back half.
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
Session returns: Asia +0.63%, Europe +0.17%, US +3.34%. US led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.63% | 673 BTC | 27% |
| Europe | 08:00 - 14:00 | 0.17% | -1263 BTC | 52% |
| US | 14:00 - 00:00 | 3.34% | 515 BTC | 21% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Among the final days of this bear period. Within 3 day(s), the market would flip to bull.
Related Days
Days with similar flow patterns and market conditions.
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