🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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The Bitcoin chip structure is rapidly tightening, and potential significant fluctuations are imminent.
Analyst Murphy released a view that
"The concentration of chips within a 5% range of the current BTC price has risen to 17.6%"
set a new high in nearly two years
This means that the chip structure is tightening rapidly.
After energy accumulation, a potential significant fluctuation is imminent.
On September 30, the concentration of chips for BTC rose to 15% within a price range of 5%.
Not long after, BTC experienced a strong rebound that broke through its historical high.
Based on the performance of this data over the past 2 years.
There are a total of 8 instances where the concentration exceeds 13%.
Since then, BTC has experienced fluctuations of varying degrees.
However, volatility measures the amplitude of price, not the direction; the ups and downs are unordered.
There is no pattern to follow.
Let's patiently wait for the market to recover.
Or long the volatility of Bitcoin