Markets· ★★★· neutral·

Glassnode: $85K–$85.5K sell wall on Binance caps Bitcoin's advance

  • —Sell wall on Binance spot between $85,000 and $85,500 has tripled since September 24
  • —Combined spot and US spot BTC ETF volume averages about $6.4 billion a day, near the low end of its range
  • —Spot BTC ETF inflows fell from about $1 billion on September 21–22 to $24 million on Monday
  • —Long-term holders' share of realized profit rose from 34% to 55% in the week to September 29
Why it matters: As long as the sell wall holds, $85.5K is the key resistance; a break above would clear the biggest hurdle, while a daily close below $77.2K would end the current uptrend stretch.
#BTC
Source: FXStreet Crypto
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