Biggest sell wall at $100,000!

Hello!

There is a very big sell wall at $100,000. People want to cover their bags at this psychological level. But the question is, what do you sell it for?
Fiat? Real Estate? This are the obvious choices. Maybe some people are selling for altcoins too?
I would never say that selling in profit is a bad thing, each case is unique and it can make sense for various reasons. But...

You have to be very careful with your decisions at this point in time. You have been waiting for almost 2 long years of bear market to get at this point.
The $100,000 level will be reached eventually and the sell wall will fall.

I've found a website where you can visualize how big the sell wall is. I don't believe the data is 100% correct, in fact I've seen many websites with different numbers but it's curious to see the scale of the sell wall.

This is the website: https://www.coinglass.com/merge/BTC-USD-SPOT

The metric is the BUY and SELL orders of the SPOT BTC/USD pair. The numbers of this orders are from different exchanges but I assume there is some data missing, I would bet it is bigger.

The sell wall is massive if we compare with the buy orders that we are seeing at the left side of the image. However this image doesn't take into account the orders that Microstrategy is going to put with the new 3 billion of fresh capital they have.

It's super close!
Have a great weekend!

Posted Using InLeo Alpha