Bitcoin sell wall disappears after buyers absorb $85,000 supply

  • Glassnode says buyers fully absorbed Bitcoin’s $85,000 sell wall.
  • Remaining sell orders at $85,000 were withdrawn after repeated tests.
  • Bitcoin consolidated below the level for nearly one week.

Bitcoin’s sell wall, a large concentration of sell orders, at $85,000 has been fully absorbed by buying pressure after nearly a week of repeated tests. Glassnode said remaining sell orders at the level were also withdrawn, clearing the resistance zone after days of consolidation below it. With sell-side liquidity significantly reduced above current prices, the on-chain analytics platform indicated that upward price movement may accelerate.

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