According to Wu Blockchain, Glassnode and Coinbase Institutional have jointly released the Q4 2026 'Charting Crypto' report. The report suggests that Bitcoin transitioned from a bottoming phase to an initial recovery in Q3 and holds a cautiously optimistic outlook for Q4 overall, though short-term caution is still advised. The report reveals that BTC's Net Unrealized Profit/Loss (NUPL) indicator has returned to the 'Optimism/Anxiety' zone but remains below the threshold for the 'Belief/Denial' phase. Additionally, the supply of BTC unmoved for over a year continues to grow, indicating that long-term holders largely maintained their positions during the rebound, while the return of new participants has driven a recent increase in active supply. The report also highlights that, as of the end of September, there is a dense cost basis zone above Bitcoin's current price, including resistance areas that previously limited September's price gains. Meanwhile, multiple layers of support are distributed below. https://www.(wublock123.com)/news/btc-long-term-holders-hold-through-rally-market-not-overheated-70199