Glassnode: Bitcoin's cumulative trend score has remained below 0.5 for 58 consecutive days

Odaily Planet Daily News Glassnode disclosed data on the X platform showing that the Bitcoin cumulative trend score has remained below 0.5 for 58 consecutive days. This indicator means that the net distribution period has been extended. The current trend is close to the average duration of the distribution period in a 1-year window, indicating that it is consistent with the previous trend, indicating that large entities are still in a net distribution state and have not yet confirmed the transition to the accumulation state. In the past year, the distribution phase lasted an average of 65 days, while the accumulation cycle lasted 57 days.