Data: "Investor Confidence Index" remains in the hesitation range, market continues to fluctuate and trading becomes more difficult
BlockBeats news, on October 14, on-chain data analyst Murphy stated that Glassnode's "Investor Confidence Index" has remained in the hesitation zone (yellow) for an extremely rare 49 days, without entering the green optimism zone or the red panic zone. According to historical data, the market usually chooses a new trend direction within at most one month, and the optimistic zone between every two red panic zones corresponds to a major trend in the market.
The current indicator has consistently stayed in the hesitation zone, indicating that market investors' sentiment is constantly wavering and there is no consensus on the future direction. The uncertainty of a major trend makes traders seek swing opportunities during market fluctuations, increasing the difficulty of trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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