Buyers have removed a significant sell wall on Binance that previously sat between $85,000 and $85,500. This cluster of limit sell orders had tripled in size between September 24 and September 30, 2026, acting as a major resistance level for Bitcoin.
On September 21, Bitcoin reached an intraday high of $85,248, supported by approximately $648 million in short liquidations. However, the price failed to maintain this level due to reduced demand from US spot Bitcoin ETFs, which saw net inflows drop to $24 million by September 28.
Long-term holders have also contributed to selling pressure, with their share of realized profits increasing from 34% to 55% during the week ending September 29. Despite this, Bitcoin has remained above key support levels, including the Short-Term Holder Cost Basis at $73,300 and the True Market Mean at $77,200.
Market participants are now monitoring the order book depth on Binance to see if the sell wall remains absent. Future price action will likely depend on the stability of ETF inflows, the continued behavior of long-term holders, and the ability of the asset to hold its current support levels.
