Bitcoin breaks the $85,000 sell wall as traders shift focus to $100,000
AI Market Summary
BTC cleared a long-standing $85k sell wall and briefly reached $87k as visible sell-side liquidity thinned, shifting focus to the $90k-$100k corridor. On-chain indicators (accumulation trend contraction, reclaimed cost-basis levels) and heavy call open interest at $90k/$95k/$100k suggest risk-on positioning. Softer US jobs data reduced perceived near-term Fed hike risk, supporting broader risk appetite while near $88k-$90k holder cost bases may reintroduce supply.
Impact level
● High
Affected assets
BTC/USDT-0.94%
AI Insight · BTC/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Bitcoin pushed through a $85,000 sell wall that had repeatedly capped earlier advances, then set an intraday high at $87,000. Glassnode said some sell orders were filled and the rest withdrawn, leaving thinner visible sell-side liquidity above $87,000. The market is also showing an accumulation pattern similar to formations seen in March and April 2025 that preceded sharp rallies. Traders have now raised their target to $100,000.
