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      Glassnode: Bitcoin's $85,000 sell wall has been absorbed by buying

      PANews, October 2 - On-chain data analytics platform Glassnode stated that the sell wall above Bitcoin has disappeared. Buying absorbed the sell wall at the $85,000 level yesterday, after that level had been tested multiple times over nearly a week without being broken through.

      Glassnode said that the remaining sell orders also appear to have been withdrawn. With reduced sell-side liquidity above, the pace of upward price movement may accelerate.


      Source: PANews
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