Some friends may not quite understand why the chip concentration index is rising and why this rise can easily trigger significant fluctuations!
The chip concentration has soared, BTC is about to change direction! Just look at the URPD data, in the ranges of 92000−98000 and 100000−106000, a whopping 22% of the circulating chips are piled up tightly!
Especially in the range of 104000−105000, in just a 2000 dollar space, 1.26 million BTC are packed in! If it weren't for institutions like ETF and MSTR entering the market with large funds, how could retail investors possibly hoard so much at such high prices?
Now, with the BTC price oscillating repeatedly in this range, the chips will only accumulate more and more! But the market rule is that chips cannot pile up indefinitely; sooner or later, there will be an explosion, either breaking upwards or crashing downwards!
Moreover, the denser the chips, the slightest price movement will trigger a chain reaction, causing selling pressure or following orders to amplify fluctuations instantly! Right now is the calm before the storm; the market is about to choose a direction!
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