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Bitcoin breaks through an $85,000 sell wall as liquidity thins
On Oct. 2, Bitcoin hit an intraday high of $87,000 after buyers filled some sell orders around $85,000, leaving fewer asks nearby.
Bitcoin’s rebound moved toward a new test near $90,000 after buyers broke through a sell wall around $85,000 that had stalled prior attempts to push higher, CryptoSlate reported.
On Oct. 2, Bitcoin registered an intraday high at $87,000, with Glassnode saying some of the orders were filled and the remainder withdrawn. The result was a smaller cluster of sell-side asks near $87,000 and less visible liquidity immediately above.
The article also points to on-chain indicators, with CryptoQuant noting that bands on its Bitcoin Accumulation Trend chart have started contracting again. CryptoQuant said the narrowing pattern resembles episodes seen before two sharp advances in 2025, which has led traders to see an additional bullish analog as Bitcoin enters October.
The Accumulation Trend is described as tracking buying and selling behavior across different groups of Bitcoin holders, reflecting whether supply is being absorbed or distributed. CryptoSlate notes the pattern is not fully conclusive because it has appeared only a limited number of times before.
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