Bitcoin’s $85,000 sell wall is gone and traders are now betting on $100,000
Bitcoin briefly reached $87,000 after breaking an $85,000 sell wall, with less visible sell liquidity above. A rare contraction in CryptoQuant’s accumulation indicator resembles two 2025 episodes that preceded rallies, but the small sample makes it inconclusive. Bitcoin has reclaimed several cost-basis levels, while holders near $88,000–$89,000 may sell at breakeven, creating potential resistance. On-chain and valuation measures cluster around $90,000–$100,000, where options traders also hold billions in call exposure. Open interest rose from about $52 billion to $56.2 billion as prices advanced. Weak US jobs data eased expectations of a rate increase and supported risk assets. The rally’s next test is whether buyers can absorb returning supply and leveraged positioning above $90,000; $83,000 is a key level to defend if momentum fails.
