Bitcoin faces true demand test above $83K as liquidity thickens: Glassnode

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Glassnode notes liquidity thickens above $83,000 as sell-side limit orders concentrate, creating a "true demand test" for buyers. If market participants can absorb that stacked liquidity, it would confirm robust demand and support a sustainable breakout to higher highs. Failure to absorb would likely produce rejection and a pullback, making $83K a pivotal level for near-term Bitcoin direction.

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https://cointelegraph.com/markets/bitcoin-faces-true-demand-test-above-83k-as-liquidity-thickens-glassnode?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

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