Investor Confidence Index Stagnates in Uncertainty Zone

According to BlockBeats, on-chain data analyst Murphy noted that Glassnode's "Investor Confidence Index" has remained in the hesitation zone (yellow) for an unusual 49 days. It has not entered the green optimistic zone or the red panic zone. Historically, the market typically chooses a new trend direction within a month, with optimistic zones between two red panic zones corresponding to major trend movements. The current indicator's persistence in the hesitation zone indicates that market investors' sentiments are fluctuating, with no consensus on future market direction. The uncertainty of major trends is prompting traders to seek opportunities in the market's volatility, increasing the difficulty of trading.