BTC Flow Analysis — December 20, 2021 BEAR
Monday · Minute-level BTC order flow from Binance · 1,076,488 trades
Summary
Bitcoin closed at $46,914 on December 20, 2021 after ground out a 0.50% gain. Aggressor-side flow netted -516 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. 19 bars of outsized trades (5.6σ peak) from 02:18–23:32 UTC, adding 69 BTC of selling pressure on top of the broader selling flow.
The day split in half. Sellers controlled the first 12 hours (-624 BTC), then buyers took over (+108 BTC). The reversal changed the character of the day.
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 Asia session drove 66% of the day's directional flow, with 624 BTC of net selling. The other two sessions were comparatively quiet.
The US session posted the largest move. Full breakdown: Asia -0.54%, Europe -1.54%, US +2.63%.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.54% | -624 BTC | 66% |
| Europe | 08:00 - 14:00 | -1.54% | -109 BTC | 11% |
| US | 14:00 - 00:00 | 2.63% | 217 BTC | 23% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
Nothing unusual for a bear-regime day. The +0.50% return was consistent with the period's average of -0.27%.
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