Bitcoin may rise faster after clearing $85K sell wall: Glassnode

Bitcoin buying pressure absorbed sell-side liquidity clustered around $85,000 on Sept. 30, Glassnode said on X. Glassnode said BTC had repeatedly tried and failed over the past week to absorb sell orders at that level, but the supply now appears to have been exhausted, with remaining sell orders likely withdrawn. With less sell-side liquidity above the current price, BTC could climb faster than before, according to the analysis.