$BTC Chip Concentration: The Silent Volatility Killer? 🚨
On-chain analyst Murphy has dropped a bombshell: $BTC chip concentration is the ultimate early warning system for market swings. When concentration hits over 13%, we're in a warning zone. Break 15%, and it's high risk territory. The more concentrated the chips, the bigger the potential explosion.
Right now, $BTC concentration is at 11%. Elevated, yes, but not yet at the 13% alert level. This suggests a major structural move is unlikely, as the conditions for a "chain reaction" aren't met.
Keep an eye on US CPI data on the 18th and the Bank of Japan's rate decision on the 19th. Unless these blow expectations out of the water, their impact on volatility is expected to be contained, unlike the massive move we saw last August when concentration spiked to 15%.
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