The concentration of chips $BTC is an effective early warning indicator for monitoring imminent "potential fluctuations". When the concentration of chips reaches more than 13% within a range of 5% of the current spot price, it enters the warning zone, and more than 15% is considered a high-risk area; the higher the concentration of chips, the greater the likelihood and severity of fluctuations.
A high concentration of chips only indicates fluctuations and does not represent the trend. Currently, the concentration of chips $BTC is 11%, which is in a medium to high position and has not yet entered the warning zone above 13%. Therefore, the likelihood of significant fluctuations at this time is not high; at least from the perspective of the chip structure, there are no conditions for forming a "cascading reaction".
The market will also continue to focus on the consumer price index data to be announced at 21:30 on the 18th, and the Bank of Japan's interest rate decision to be announced on the 19th. The personal estimate is that as long as there is no significant deviation from expectations, the impact on the market will be within the range of "minor fluctuations" and will not be as violent as on August 5 of last year (the concentration of chips reached 15% before August 5, 2024).
