Analyst: BTC's concentration of chips exceeds 13%, and the price may experience significant fluctuations

Dec 23, 2025 12:06:45

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According to on-chain analyst Murphy (@Murphychen888), the concentration of chips within a 5% range of the BTC spot price has reached 13.3%, exceeding the warning line. Data shows that when this indicator exceeds 13%, the price of Bitcoin may experience significant volatility, especially when the indicator rises above 15%, entering a high-risk zone.

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