Update
Bitcoin Rebounds to $83,500 Ahead of Fed Meeting
Bitcoin rebounded to about $83,500 at 09:44 UTC on October 21, ahead of the October 27–28 Federal Reserve meeting. Glassnode's proximity framework, which weights cost bases near spot, suggests stronger support is needed as buyers absorb supply. The article discusses how the proximity-weighted cost basis framework can assess the recovery ahead of the Fed meeting.