BTC Market Review - March 31, 2026
Market selling continues to dominate, but the price remains in a wide range. The market remains in a sideways phase without a clear trend.
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
During the period under review, a downward shift in the balance of market orders has been observed: over a long period, market sell orders have cumulatively predominated. This is clearly reflected in the cumulative delta histogram (red rectangle) and indicates increased activity on the part of sellers.
At the same time, limit orders show a cumulative predominance of buy orders, with their volume continuing to increase (green rectangle). This indicates the presence of counter-limit demand in the current price range.
Z-Score (price)
During the last decline, the price was locally rejected by selling downwards into the rare percentile zone (red arrows). However, the price has stalled within this range, indicating a short-term increase in pressure without subsequent development into a sustainable move.
Balance Index
The Balance Index is shifted upward and is closer to the rare percentile zone.
Price Dynamics
Market orders continue to dominate, while the price has shown a local pullback. At the same time, limit orders continue to hold the price within a wide range.
Summary:
According to Charles Dow’s theory, there is currently no clear trend: the price continues to move in a wide sideways range without forming a directional structure.
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