Glassnode: The BTC accumulation trend score has been consistently below 0.5 for 58 consecutive days

Odaily Planet Daily Glassnode disclosed data on the X platform shows that the BTC cumulative trend score has remained below 0.5 for 58 consecutive days. This indicator implies a prolonged net distribution period, with the current trend approaching the average duration of the distribution period within a 1-year window, indicating consistency with previous trends. It suggests that large entities are still in a net distribution state and have not yet transitioned to an accumulation state. Over the past year, the distribution phase has lasted an average of 65 days, while the accumulation period has lasted 57 days.