Glassnode reported that Bitcoin (BTC) buying pressure absorbed the sell volume accumulated at $85,000 on September 30 (local time). Glassnode stated via X, "BTC attempted to absorb the sell volume at that price level multiple times over the past week but failed each time. It appears that after this volume was exhausted, the remaining sell orders were also withdrawn. As the sell volume above the current price has decreased, the price of BTC could rise faster than before," it analyzed.
