BTC Flow Analysis — November 22, 2021 BEAR
Monday · Minute-level BTC order flow from Binance · 1,624,768 trades
Summary
November 22, 2021: Bitcoin lost 4.0%. The 2,054 BTC of net selling flow at $56,247 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
Sustained large-player selling throughout the day. 21 bars with trade sizes 3σ+ above normal (peak: 9.0σ), spread across 01:42–23:23 UTC. The 139 BTC of whale flow reinforced the day's selling bias.
Most of the action happened during US hours, which accounted for 68% of the day's net flow (1,584 BTC selling). The rest of the day was a footnote.
This was day 7 of consecutive net selling. Multi-day streaks reflect sustained conviction, not noise.
Price followed flow faithfully (correlation: 0.82). When you see this level of alignment, it means one side is in control and the other isn't even fighting.
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 -2.32%, Europe +2.78%, US -4.43%. US stood out.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -2.32% | -614 BTC | 26% |
| Europe | 08:00 - 14:00 | 2.78% | 144 BTC | 6% |
| US | 14:00 - 00:00 | -4.43% | -1584 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
Market conditions were bear — and this day didn't deviate. A -4.04% return against a regime average of -0.27%.
Related Days
Days with similar flow patterns and market conditions.
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