BTC Market Review - December 9, 2025
In our view, we fix the flow of the market: behind market orders, we are careful not to reduce the balance of sales, and thus the price becomes unstable. Limit purchase orders accumulate, forming local support. The efficiency of order influx is shifted to the buyers’ cost, and the balance index is lower in the middle percentile values. Regardless of the predominance of sales, the price continues to rise due to low volatility. The local structure behind the Dow has changed to the beginning - a minimum of losses, a new maximum has been updated.
Table of content
In this market review, we are not attempting to predict the future or predict what will happen next. Our task is to state the facts we have at the current moment. We base our actions on these facts, not on our expectations and hopes.
Market Orders (red rectangle)
Market orders show a shift in the balance toward sell orders. While the total volume of sell orders continues to accumulate, the price is no longer falling, indicating that the selling is being absorbed by buyer limit orders.
Limit Orders (green rectangle)
Limit orders show a noticeable increase in buy orders, and the overall balance is shifted upward, as reflected in the cumulative delta histogram.
Heatmap in Volume Mode (blue rectangle)
The heatmap shows an abnormal accumulation of limit orders by volume. These orders are forming local support in the current price range.
Balance Index
The balance index is in the middle percentile zone, without a pronounced bias.
Price Dynamics
Anomalous densities in volume mode on the heat map indicate an area of increased limit activity: placed limit buys are absorbing the entire market selling volume, preventing the price from falling further. Locally, according to Charles Dow’s theory, the price has entered an uptrend.
Result:
The local minimum is still not being updated: market sells are running into abnormal limit orders, and the current volume of limit orders is sufficient to hold the price within this range.
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