[Analysis: BTC Accumulates at $63,000, Reaching Extreme Peaks; Market Poised for Potential Sharp Directional Move] BlockBeats News, August 2 – On-chain analyst Murphy pointed out that Bitcoin has accumulated as much as 890,000 BTC at the single price level of $63,000, showing an extreme distribution. Excluding the 550,000 BTC locked by Coinbase in the $83,000 to $84,000 range, the accumulation at this price level may have exceeded 1 million BTC, accounting for approximately 5% of the total circulating supply. Historically, surpassing this scale has almost always triggered significant volatility. Currently, the combined accumulation at the $62,000 and $63,000 price levels accounts for about 8% of the circulating supply, with the concentration of chips within a 5% range of the spot price climbing to 13%. Although it has not yet reached the historical high-probability trigger line of 15%, it has already surpassed the levels that caused significant volatility in May, officially entering the warning zone. The analyst emphasized that excessively high chip concentration means a sharp increase in price sensitivity. When chips are overly concentrated within a narrow range, even minor price fluctuations can intensify the turnover of sensitive chips, potentially triggering violent upward or downward redistribution. The massive short-term chips accumulated near $63,000 currently pose a potential volatility trigger, with any external event possibly acting as the ignition point. The market may now be in a highly tense state, ready for a sharp directional move at any moment. [Original Link]