Glassnode Introduces Proximity-Weighted Cost Basis Framework for Bitcoin and Ether

Glassnode has introduced the Proximity Support-Resistance (PSR) framework to map support and resistance zones for Bitcoin and Ethereum. Developed with Fountainhead Digital co-founder Vicky Yang, the model divides cost-basis distributions into 100 quantiles weighted by proximity to spot prices and scaled by a 30-day rolling standard deviation. Readings in the Proximity Support Index above 50% signal that most weighted supply sits below current market levels. Testing from January 1, 2017, through October 31, 2025, showed the Proximity Premium was statistically significant at the 1% level across forward 3-, 7-, and 30-day returns.