BTC Flow Analysis — November 18, 2021 BEAR
Thursday · Minute-level BTC order flow from Binance · 1,960,419 trades
Summary
Bitcoin closed at $56,892 on November 18, 2021 after crashed 5.7%. Aggressor-side flow netted -2,663 BTC, favoring sellers.
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. 17 bars of outsized trades (9.4σ peak) from 00:42–23:49 UTC, adding 835 BTC of selling pressure on top of the broader selling flow.
Net selling for 3 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Flow and price moved in lockstep (correlation: 0.95). Aggressor-side selling 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 75% of the day's directional flow, with 2,000 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -1.01%, Europe -0.91%, US -3.89%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -1.01% | -348 BTC | 13% |
| Europe | 08:00 - 14:00 | -0.91% | -315 BTC | 12% |
| US | 14:00 - 00:00 | -3.89% | -2000 BTC | 75% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
The market was 1 day(s) into a new bear regime, having transitioned from chop. Early-regime days often carry residual momentum from the prior period.
Related Days
Days with similar flow patterns and market conditions.
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