A new market report published by HTX Research suggests that Bitcoin may be approaching the final stage of its current correction. Various indicators, both in technical analysis and on-chain, have reached levels consistent with behavior seen near market bottoms throughout history.
Market Correction and Current Situation
According to the report dated March 2026, Bitcoin has lost sharp value since the peak recorded in October 2025. While there has not been a clear picture regarding the direction of the market for a long time, it is noteworthy that different indicators have recently come together at common points. In particular, on-chain data such as transaction volume, realized value and wallet movements give signs reminiscent of the bottom processes in previous cycles.
Signals from On-Chain Indicators
The HTX Research team analyzed the data flow in the Bitcoin network and examined some important changes in the current process. The contraction observed in the transaction volume on the chain indicates a decrease in the tendency to take risks among investors in the short term. At the same time, the revival of coins that have been dormant for a long time is considered as one of the turning points of the market.
The report notes that similar movements have occurred in the past during time periods when the price started to recover. The activity in Bitcoin wallets and the decrease in transfers from miners are interpreted as a sign of a cautious approach in investor behavior.
Technical Analysis and Historical Data
In technical analysis, it is noteworthy that price movements approach medium and long-term averages. HTX Research emphasizes that the indicators used point to bottom formations at similar levels in past cycles. Increasing buying interest, especially at support points, and price movements entering a narrow band coincide with the periods when the market begins to balance.
The research states that the current technical picture does not indicate a definitive bottom, but conditions similar to previous down cycles have occurred. The fact that long-term investors continue to maintain their positions shows that the market is still in an unstable phase.
In the HTX Research report, it was noted that when current indicators were examined together with historical data, a similar picture was encountered at the beginning of the recovery processes seen in the past. However, it is also emphasized that more data may be required for a clear return in the direction of the market.
