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      Bitcoin Sell Wall at $85,000 Absorbed by Buy Orders, Says Glassnode

      On-chain data analysis platform Glassnode has reported that the significant sell wall for Bitcoin at the $85,000 mark has been effectively absorbed by buy orders. This sell wall had been tested multiple times over the past week but had not been breached until now.

      Glassnode noted that the remaining sell orders above this price level also appear to have been removed. The reduction in sell-side liquidity suggests that Bitcoin's price may experience a quicker rise as a result of this shift in market dynamics.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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