Glassnode: $83K–$86K liquidation zone could accelerate Bitcoin's rise
- —Bitcoin at $80,646, up 5.22% over the past day
- —Liquidation zone concentrated in the $83,000–$86,000 range
- —Shorts accumulated over several weeks and could close at a loss
Why it matters: A break above $83K–$86K would trigger a short squeeze and accelerate the rally, but a rejection from the zone would send the price back to support.
Source: Koin Bülteni