Glassnode and Coinbase say bitcoin recovery remains constructive
- —NUPL climbed back into the Optimism/Anxiety band but stays well below the Belief/Denial threshold
- —Long-term holders kept their supply, with dormant coins older than one year still growing
- —Bitcoin traded at $82,344 on October 15, about 35% below its $126,198 peak
- —A dense band of supply above spot capped the September highs
Why it matters: The report confirms an early recovery phase, but heavy overhead supply and Fed tightening still cap upside.
Source: Blockchain.News