BTC Flow Analysis — November 14, 2021 CHOP
Sunday · Minute-level BTC order flow from Binance · 951,393 trades
Summary
November 14, 2021: Bitcoin ground out a +1.77% gain. The 445 BTC of net selling flow at $65,519 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. 30 bars of outsized trades (10.9σ peak) from 00:38–23:53 UTC, adding 130 BTC of selling pressure on top of the broader selling flow.
Net selling for 6 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
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
Breaking it down by session: Asia +0.38%, Europe +0.00%, US +1.37%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | 0.38% | -18 BTC | 4% |
| Europe | 08:00 - 14:00 | 0.00% | -169 BTC | 38% |
| US | 14:00 - 00:00 | 1.37% | -258 BTC | 58% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Day 1 of a fresh chop regime. The market had just flipped from bull, and the new character was still establishing itself.
Related Days
Days with similar flow patterns and market conditions.
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