$BTC A big volatility move is very likely coming soon!
In Murphy’s on-chain cost distribution, about 1.15 million BTC are clustered in a cost range around $63,000. It’s not uncommon for a single price level to attract so many holdings, and the adjacent chips’ concentration has also reached 13.5%, putting it in the alert zone marked in the chart.
But don’t rush to guess whether it will go up or down. This data only tells us “something is about to move,” not which direction it will move.
Next, we’ll see whether trading activity and volatility amplify together when the price leaves the high-concentration zone. If the chips spread out again, then this judgment no longer holds.
$BTC
In Murphy’s on-chain cost distribution, about 1.15 million BTC are clustered in a cost range around $63,000. It’s not uncommon for a single price level to attract so many holdings, and the adjacent chips’ concentration has also reached 13.5%, putting it in the alert zone marked in the chart.
But don’t rush to guess whether it will go up or down. This data only tells us “something is about to move,” not which direction it will move.
Next, we’ll see whether trading activity and volatility amplify together when the price leaves the high-concentration zone. If the chips spread out again, then this judgment no longer holds.
$BTC