Bitcoin’s most stubborn ceiling may have just lost some of its weight. According to a post on X, buyers removed the sell wall that had been sitting at $85,000. That reduces the stack of sell orders overhead and increases the potential for the price to climb. What a sell wall is, and why this one mattered Technically, a sell wall is a large concentration of limit sell orders parked at a specific price. Before the price can move past that level, buyers need to absorb all of those orders. The bigger the cluster, the more buying power it takes to break through. On-chain data from Glassnode showed a sell wall on Binance sitting between $85,000 and $85,500. It tripled in size from September 24 to September 30, 2026. How Bitcoin got stuck at $85,000 On September 21, Bitcoin briefly pushed above $85,000 and printed an intraday high near $85,248. Part of that spike came from roughly $648 million in short liquidations. A short liquidation happens when traders betting on a price drop get forced out of their positions. Closing a short means buying Bitcoin back, which can add fuel to a rally already in motion. Once the short squeeze ran its course, Bitcoin struggled to hold above $85,000. It sl...
Bitcoin buyers clear the $85K sell wall, opening a path for upside
1 month ago
23
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