Open
$27,968
Close
$27,125
Return
-3.01%
Net Flow
-1,736 BTC
Volume
88,039 BTC
Buy/Sell Ratio
0.96

Summary

On Monday, March 27, 2023, Bitcoin fell 3.0% to $27,125. Net flow: -1,736 BTC — sellers had the edge.

BTC price and volume for March 27, 2023

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. 17 bars with trade sizes 3σ+ above normal (peak: 12.2σ), spread across 00:13–17:29 UTC. The 214 BTC of whale flow reinforced the day's selling bias.

A clean, flow-driven day. The 0.98 correlation between cumulative flow and price means selling pressure was the dominant force — no hidden passive flow muddying the signal.

Cumulative flow vs return for March 27, 2023

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

Strip out US and the day would look flat. That session alone contributed 69% of the net flow (1,204 BTC selling).

Across sessions: Asia -0.57%, Europe -0.42%, US -2.05% — with US doing the heavy lifting.

Session Hours (UTC) Return Net Flow Flow Share
Asia 00:00 - 08:00 -0.57% -139 BTC 8%
Europe 08:00 - 14:00 -0.42% -392 BTC 23%
US 14:00 - 00:00 -2.05% -1204 BTC 69%
Buy vs sell volume for March 27, 2023

Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.

Regime Context

This day sat within a bull regime. The -3.01% return tracked the regime average of +0.34%.

Patterns: bull whale-activity us-dominated

Related Days

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Apr 14, 2021BULL
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Jul 27, 2021BULL
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Jul 30, 2021BULL
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Aug 01, 2021BULL
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