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Analysis: BTC Price Movement to Enter Normalized Short-Term Bull and Bear Cycles, Investor Trend Confidence Returns to Positive Today

Analysis: BTC Price Movement to Enter Normalized Short-Term Bull and Bear Cycles, Investor Trend Confidence Returns to Positive Today

BlockBeatsBlockBeats2025/09/12 07:43
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BlockBeats News, on September 12, on-chain data analyst Murphy posted that according to the Glassnode Investor Trend Confidence Index, historical data shows that even if today's investor confidence index returns from the hesitation zone to the positive zone, it does not necessarily mean that BTC will form a new upward trend. Just like in July 2023 and June 2024, the limit of the rebound was near the previous highs. The current market is highly confusing. Although it has been proven that even buying at the high point and holding firmly can still capture subsequent gains, only a few investors are able to hold their positions with conviction.


Whenever the Glassnode Investor Trend Confidence Index shifts from positive to hesitant, it is a reminder that market confidence is reversing and the trend may be coming to an end. Whether BTC will continue to follow the four-year cycle in the future remains unknown to all market participants, including institutions. Short-term bull and bear phases may become the normalized measurement standard for BTC's future trends, and the previous methods of describing bull and bear cycles with -70% declines or dozens of times increases will become invalid.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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