BTC Flow Analysis — July 27, 2021 BULL
Tuesday · Minute-level BTC order flow from Binance · 1,938,478 trades
Summary
Bitcoin closed at $39,458 on July 27, 2021 after surged 6.0%. Aggressor-side flow netted +1,877 BTC, favoring buyers.
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. 21 bars of outsized trades (9.0σ peak) from 00:14–22:51 UTC, adding 1,859 BTC of buying pressure on top of the broader buying flow.
Net buying for 3 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
The 8.5% intraday range ($36,383 – $39,543) tells the story of a market in flux. Both sides had their moments.
Flow and price moved in lockstep (correlation: 0.82). Aggressor-side buying translated directly into price movement with minimal resistance.
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
The US session drove 68% of the day's directional flow, with 1,268 BTC of net buying. The other two sessions were comparatively quiet.
The Europe session posted the largest move. Full breakdown: Asia -0.34%, Europe +3.62%, US +2.59%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.34% | 201 BTC | 11% |
| Europe | 08:00 - 14:00 | 3.62% | 408 BTC | 22% |
| US | 14:00 - 00:00 | 2.59% | 1268 BTC | 68% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
At +2.0σ from the regime mean, this +5.95% move was an outlier within the bull period (avg +0.34%).
The market was 1 day(s) into a new bull regime, having transitioned from bear. Early-regime days often carry residual momentum from the prior period.
Related Days
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