Bitcoin Sell Wall Above Market Disappears After Buyers Absorb $85,000 Level

On-chain analytics platform Glassnode said Bitcoin's sell wall above the market has disappeared after buyers absorbed the sell wall at the $85,000 level yesterday. According to ChainCatcher, that price had been tested repeatedly for nearly a week without a breakout.Glassnode said the remaining sell orders also appear to have been removed. With less sell-side liquidity above current prices, upward price movement could accelerate.