Data: The "Investor Confidence Index" remains in the hesitation zone, and the difficulty of trading in the market continues to increase.

On October 14, on-chain data analyst Murphy stated that the "Investor Confidence Index" released by Glassnode has unusually remained in the hesitation zone (yellow) for 49 days, not entering the green optimistic zone or the red panic zone. In past data, the market tends to choose a new trend direction within a maximum of 1 month, with each 2 segments of the red panic zone corresponding to major trend movements in the optimistic zone. The current indicator remains in the hesitation zone, representing that the market investors' sentiment is continuously oscillating, leading to a lack of consensus on the future direction. The uncertainty of the major trend makes it difficult for traders to find swing trading opportunities amidst the fluctuations, increasing the difficulty of market trading.