BTC Intraday Update — April 20 Session Flows US session: Closed with clear outflows → futures and spot both negative Asia session: Started with mild buying → short-term stabilization But: → latest minute timeframes show renewed selling → early bid faded, sellers returning Flows Futures: Outflows dominate across key timeframes → strong selling pressure remains Spot: Mixed, but weak overall → no sustained demand → Structure: derivatives still leading downside Price Reaction After rejection from ~78K: → price continues to drift lower → no strong buyer response → market unable to reclaim momentum Positioning → futures outflows = positions closing → leverage continues to unwind Spot: → no aggressive dip-buying → only passive flows Interpretation Market attempted stabilization in Asia → but failed to hold Now: → selling resumes → no confirmation from spot → continuation of corrective phase Conclusion Structure remains weak → US sold → Asia failed to reverse Short-term: → pressure to downside remains → until spot demand steps in Not financial advice.