Glassnode said BTC breached 85000 USD sell-side liquidity above has decreased after the sell wall was breached
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AT A GLANCE
Glassnode said that BTC buyers breached the sell wall near 85000 USD, and the remaining sell orders above appear to have been withdrawn.
Article
Glassnode：BTC The sell wall above has disappeared, 85000 USD The sell wall was breached by buyers
BlockBeats news,October 2, according to Glassnode monitoring,BTC The sell-side liquidity wall above has disappeared. Buyers breached the sell wall near 85000 USD yesterday; this level had previously been tested repeatedly for nearly 1 weeks without a breakthrough.
Glassnode said that the remaining sell orders also appear to have been withdrawn,BTC reducing the sell-side liquidity above, which could provide more room for further price increases.
Original link https://m.theblockbeats.info/flash/370029
Key points
01
According to BlockBeats, Glassnode monitoring shows that BTC the sell-side liquidity wall above has disappeared.
02
Buyers breached the sell wall near 85000 USD.
03
This level had previously been tested repeatedly for nearly 1 weeks but was not breached.
04
Glassnode said that the remaining sell orders also appear to have been withdrawn,BTC reducing the sell-side liquidity above.
05
Glassnode believes this could provide more room for further price increases.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
A sell wall is a large concentration of sell orders placed near a particular price, which may create resistance to upward movement. The original text says that buyers have breached the sell wall near 85000 USD, and that other sell orders above appear to have decreased, so there may be less order-book resistance during a further rise.
Why it matters to readers
A decrease in sell-side liquidity above means that BTC the price may pass through the relevant levels more easily as it continues upward; however, the original text only says this could provide more room for further gains and does not confirm that the price will definitely continue rising.
Beginners can view this as an observational signal of changes in order-book resistance and should not interpret “fewer sell orders” directly as a confirmed upward trend.
Risks and unknowns
The original text does not provide Glassnode’s original order-book snapshot or specific monitoring data.
“The remaining sell orders appear to have been withdrawn” is uncertain, and it is impossible to confirm whether all sell orders have disappeared.
The original text does not provide subsequent price performance after the breach.
The original text cannot confirm whether the decrease in sell-side liquidity will persist.
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Related concepts
Sell Wall
This term is not in the glossary yet. Browse related concepts in the glossary.
