Analyst: BTC concentration exceeds 13%, significant price volatility may occur
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According to ChainCatcher, on-chain analyst Murphy (@Murphychen888) has monitored that the concentration of chips within a 5% range of the BTC spot price has reached 13.3%, exceeding the warning threshold. Data shows that when this indicator exceeds 13%, the price of Bitcoin may experience significant volatility, especially when the indicator rises above 15%, entering a high-risk zone.
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