Glassnode adds proximity-weighted cost basis signals for BTC and ETH

Glassnode has published a new on-chain framework that turns Cost Basis Distributions into compact support and resistance signals by weighting nearby supply more heavily than distant supply. The October 20, 2026 methodology is intended to show where tradeable supply sits relative to spot, and to restate familiar valuation tools such as MVRV and NUPL on a proximity basis, according to Glassnode. In the post, authored by Vicky Yang, co-founder at Fountainhead Digital and published by Glassnode on Tue, 20 Oct 2026, the firm argues that traditional cost-basis measures are useful but incomplete because they can underweight nearby supply clusters that…

Source: Blockchain.News