BTC Market Review - February 10, 2026
The downward trend continues: market selling dominates, and rising volumes amid declining volumes confirm active market participation. Limited demand is creating local support.
Table of content
In this market review, we are not attempting to predict the future; 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 and Limit Orders
Over the period under review, aggregated market orders show a cumulative predominance of sell trades. This is clearly visible in the cumulative delta histogram (red rectangle) and indicates sustained pressure from market sellers.
At the same time, locally, limit orders show a cumulative predominance of buy orders (green rectangle). This indicates the formation of counter-limit demand.
Heatmap in Volume Mode (blue rectangle)
The heatmap shows abnormal clusters of limit buy orders slightly below the current price. These volumes partially absorbed market selling and locally restrained further price declines.
Balance Index
The Balance Index is shifted downwards and is in the abnormal percentile zone, reflecting increased selling pressure.
Price Dynamics
Market orders continue to put pressure on the price. At the same time, limit orders are seeing an upward balance shift, creating local support from limit demand.
Summary:
Currently, according to Charles Dow’s theory, the downward structure is maintained: lows continue to be updated, while highs remain unchanged. Additionally, the cluster chart shows an increase in volume during the decline, indicating increased market activity.
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