Glassnode reports that the persistent sell wall above Bitcoin at $85,000 has been fully absorbed by buying pressure after nearly a week of repeated tests. The on-chain analytics platform confirmed that remaining sell orders at this level have also been withdrawn, effectively clearing the resistance zone.
With sell-side liquidity significantly reduced above current prices, Glassnode indicates that the pace of upward price movement may accelerate. The absorption of this key supply level marks a notable shift in market structure following days of consolidation below the threshold.
Glassnode: Bitcoin $85,000 Sell Wall Absorbed as Sellers Withdraw Orders
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