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Data: The "Investor Confidence Index" remains in a state of hesitation, with market fluctuations increasing trading difficulty.
BlockBeats news, on October 14, on-chain data analyst Murphy stated that the “Investor Confidence Index” released by Glassnode has remained in the hesitation zone (yellow) for an extremely rare 49 days, without entering the green optimistic zone or the red panic zone. In past data, the market typically chooses a new trend direction within a maximum of 1 month, and each optimistic zone between two segments of the red panic zone corresponds to a large-scale trend market. The current indicator remains in the hesitation zone, indicating that the sentiment of market investors is continuously wavering, and there is no consensus on the direction of the future market. The uncertainty of large-scale trends makes it difficult for traders to find swing trading opportunities during fluctuations, increasing the difficulty of market trading.