Analysis: The BTC chip structure is rapidly tightening, and a potential significant fluctuation is imminent.

BlockBeats news, on November 1, analyst Murphy stated that the concentration of chips within a 5% range of the current BTC spot price has risen to 17.6%, the highest level in nearly two years, indicating that the chip structure is rapidly tightening. After energy accumulation, a significant fluctuation is imminent. On September 30, the concentration of chips within a 5% range of BTC spot price reached 15%, shortly after which BTC experienced a strong rebound that broke historical highs. Looking at the performance of this data over the past two years, there have been 8 instances where the concentration exceeded 13%, and BTC subsequently experienced varying degrees of fluctuations. However, volatility measures the amplitude of price changes, not the direction; the rise and fall are chaotic and unpredictable, but it is certain that significant fluctuations are near. This analysis is for learning and communication purposes only and does not constitute investment advice.