[Analysis: Bitcoin Chip Concentration Rises to 14.8%, Volatility Risk Accumulating] BlockBeats News, August 10, independent analyst Murphy published an article stating that BTC chip concentration has risen to 14.8%, approaching what he refers to as the 'high-risk zone.' He pointed out that this risk does not necessarily mean BTC prices will rise or fall, but rather indicates that market volatility may intensify. Based on historical data observations, when the chip concentration curve begins to turn, if BTC prices were previously in an upward trend, the probability of continued upward movement may be higher; conversely, if prices were previously in a downward trend, the probability of continued downward movement may be higher. However, the chip concentration curve is still rising at present, so it is currently impossible to determine which direction BTC is more likely to move in the next phase. Nonetheless, market risk is accumulating, and volatility may be brewing. [Original Link]