Bitcoin Distribution Trend Persists for Nearly Two Months

According to Odaily, data disclosed by Glassnode on the X platform reveals that Bitcoin's accumulation trend score has remained below 0.5 for 58 consecutive days. This metric indicates an extended net distribution period, with the current trend nearing the average duration of distribution phases within a one-year window. This suggests consistency with previous trends, indicating that large entities are still in a net distribution state and have not yet transitioned to an accumulation phase. Over the past year, the distribution phase has averaged 65 days, while the accumulation cycle has lasted 57 days.