Over 13%!...... The 'concentration of chips' within a 5% range of BTC spot price has crossed our warning line, reaching 13.3% as of yesterday. In other words, if BTC continues to fluctuate back and forth at its current position, and chips keep exchanging hands here, the concentration will only get higher. Based on multiple past validations of this data, when it exceeds 13%, significant volatility can occur at any time. Especially when it goes above 15%, it enters the 'high-risk zone.' Note, this is not about direction, but about volatility! I've marked in the chart the previous times when the concentration exceeded 15% and BTC's subsequent movements. The price swings were random. But you can bet that 'RV (realized volatility)' will be greater than 'IV (implied volatility),' isn’t it a steady way to make money? ---------------------------------------------- Bitget VIP, lower fees, bigger perks