Data: "Investor Confidence Index" maintains its range of indecision, market continues to experience volatility as trading difficulty increases

BlockBeats News, October 14th, On-chain data analyst Murphy stated that Glassnode's "Investor Confidence Index" has extremely rarely stayed in the indecisive zone (yellow) for 49 days, without entering the green optimistic zone or the red panic zone. In past data, the market will choose a new trend direction at most 1 month after, and the optimistic zone between every 2 red panic zones corresponds to a major trend.

The current index has always remained in the indecisive zone, indicating that market investors' sentiment is constantly fluctuating, and there is no consensus on the future direction. The uncertainty of the major trend has led traders to seek range-bound opportunities in the oscillation, increasing the difficulty of trading in the market.