Glassnode: The cumulative trend score of Bitcoin has remained below 0.5 for 58 consecutive days

Odaily Planet Daily reports that data disclosed by Glassnode on the X platform shows that Bitcoin's cumulative trend score has remained below 0.5 for 58 consecutive days. This indicator implies an extended net distribution period, with the current trend approaching the average duration of a distribution period within a one-year window, indicating consistency with previous trends and suggesting that large entities are still in a state of net distribution and have not yet confirmed transition to accumulation status. Over the past year, the distribution phase lasted an average of 65 days, while the accumulation cycle lasted 57 days.