Glassnode: Bitcoin breaks through $82K–$86K short-liquidation wall
- —The $82,000–$86,000 zone held months of accumulated shorts
- —With little price correction there, shorts began unwinding
- —Short covering via BTC purchases accelerated the rally
Why it matters: Clearing the short-liquidation zone removes overhead resistance and could speed Bitcoin's move toward new local highs.
Source: Bloomingbit