Glassnode: The Bitcoin sell wall at $85,000 has been absorbed by buy orders

On-chain data analysis platform Glassnode stated that the sell wall above Bitcoin has disappeared. The buy orders absorbed the sell wall at the $85,000 level yesterday, which had been tested multiple times over the past week but failed to break through.

Glassnode indicated that the remaining sell orders also seem to have been removed. With the reduction in sell-side liquidity above, the price may rise more quickly.