Analyst: BTC Chip Concentration Rises to 14.8%, Entering High-Risk Volatility Zone

Odaily News: Crypto analyst Murphy stated that Bitcoin chip concentration has risen to 14.8%, approaching historical high-risk levels. Chip concentration alone cannot determine the future direction of BTC prices, but historical data suggests that when the curve begins to turn, if BTC prices have been rising previously, the probability of continued upward movement is higher; conversely, the probability of continued downward movement is higher.

Currently, this indicator is still in an upward phase, so the direction of the next price swing cannot yet be determined. However, market data shows that as chip concentration continues to rise, potential volatility risks are accumulating, and the BTC market may face larger price fluctuations.