Investor Confidence Erodes as Bitcoin Hits Distribution Phase, Glassnode Reports

According to Glassnode, Bitcoin (BTC) is experiencing a prolonged distribution phase. Furthermore, both market momentum and capital flows have shifted into negative territory, suggesting a decrease in demand.  This shift, coupled with rising investor uncertainty, is contributing to a broader decline in overall market sentiment and confidence. Bitcoin Enters Prolonged Distribution Phase In its... source: https://beincrypto.com/bitcoin-enters-distribution-phase/