Glassnode says BTC is entering a dense short liquidation zone at $83K-$86K

Bitcoin is moving into a zone with concentrated liquidation pressure, according to Glassnode. The firm said liquidation interest is currently clustered in the $83,000-$86,000 range, and if Bitcoin reaches that area, forced liquidations of short positions, or short covering, could help drive the price quickly through the zone. Glassnode added the short positions appear to have built up over several weeks.