ALT Market Review - June 5, 2026
Sellers maintain their advantage and continue to exert effective pressure on the price. Despite the increase in limit buy orders, the market remains under sellers’ control, and the downward structure persists.
Table of contents
In this market review, we are not attempting to predict the future; our task is to state the facts we have at the moment. We base our actions on these facts, not on our expectations and hopes.
Market Orders and Limit Orders
Cumulatively, sell orders remain significantly dominant in market orders. This is clearly reflected in the aggregated cumulative delta histogram (red rectangle) and indicates continued seller activity within the current range. Market selling pressure remains stable and continues to drive downward price movement.
Meanwhile, cumulative buy order volumes (green rectangle) have increased significantly in limit orders. Despite the increase in counter demand, current volumes are not yet sufficient to support the price and offset the pressure from market sellers. These volumes act as limit support, but their effectiveness remains low, as the price continues to react to selling.
Price per Unit Volume Change
The effectiveness of volume has currently shifted significantly in favor of selling and continues to gradually increase: lower volume is required to push the price down compared to upward pressure. This indicates a higher efficiency of sellers and a lower efficiency of buying volumes. In other words, sellers require less effort to continue the price move downward.
Balance Index
The Balance Index has shifted downwards and is currently near the abnormal percentile zone. This index position reflects increased selling pressure and confirms the deterioration of the local market balance.
Price Dynamics
Sell market order pressure remains effective at the moment, and the price continues to respond to it by declining. At the same time, there’s been a significant increase in buy volumes on limit orders, indicating market participants are attempting to establish support within the current range. However, these volumes are not yet sufficient to halt the decline or form a sustainable reversal.
Summary:
According to Charles Dow’s theory, a local downward movement is currently ongoing: lows continue to be made, indicating sellers are maintaining control. Despite the increase in limit demand, there are no signs of a trend reversal or a sustainable reversal yet.
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