Glassnode: Bitcoin's sell wall above $85,000 has been absorbed, with significantly reduced seller liquidity above.

Glassnode noted that Bitcoin previously faced a significant sell wall around $85,000. After failing to break through despite multiple tests over the past week, buyers absorbed the sell orders near that level yesterday, while other sell orders at higher prices also appear to have been withdrawn. Glassnode added that with reduced sell-side liquidity above Bitcoin, the resistance to further price gains has eased, potentially accelerating the pace of its upward movement.