Glassnode: BTC Entering Dense Short Liquidation Zone at $83K-$86K

Bitcoin is entering a zone where liquidation orders are densely concentrated, according to Glassnode. The firm explained that a dense cluster of liquidations exists between $83,000 and $86,000, and if Bitcoin's price reaches this range, short positions may be forced to cover rapidly, potentially causing the price to break through quickly. Glassnode added that these short positions have accumulated over several weeks.