My precious little cutie, I haven’t looked at the chip structure for a few days, and when I refresh the data, I get quite a shock.
On URPD, there’s a towering candle at the $63,000 level—up to today, it has already accumulated as many as 890,000 BTC.
As far as I remember, in a single price level with such intense long-versus-short battles, this should be the first time since the end of 2025.
If it weren’t for Coinbase locking 550,000 coins in the $83,000–$84,000 range, then $63,000 would probably already be well over 1,000,000 BTC right now.
What does 1,000,000 coins mean? That’s 5% of total circulating supply. Historically, once it reaches a size beyond that, there has basically been at least one major shock.
Because the short-term chips are too concentrated, price sensitivity increases.
At the end of October 2022, right before the FTX collapse, there were already 1,000,000 BTC at around $19,000, and another 870,000 BTC at $18,000. Together, those two levels accounted for 9.7% of total circulating supply.
Then what happened next is something everyone knows—an event as the fuse, layered on top of the fragility of the chip structure, triggered huge volatility.
And now, the $62,000 and $63,000 levels combined have already reached 8%.......
(By the way, today the chip concentration is already 13%, entering the warning zone; it’s only one step away from 15%.)
Come on—give it a decisive one! 🤣🤣🤣
On URPD, there’s a towering candle at the $63,000 level—up to today, it has already accumulated as many as 890,000 BTC.
As far as I remember, in a single price level with such intense long-versus-short battles, this should be the first time since the end of 2025.
If it weren’t for Coinbase locking 550,000 coins in the $83,000–$84,000 range, then $63,000 would probably already be well over 1,000,000 BTC right now.
What does 1,000,000 coins mean? That’s 5% of total circulating supply. Historically, once it reaches a size beyond that, there has basically been at least one major shock.
Because the short-term chips are too concentrated, price sensitivity increases.
At the end of October 2022, right before the FTX collapse, there were already 1,000,000 BTC at around $19,000, and another 870,000 BTC at $18,000. Together, those two levels accounted for 9.7% of total circulating supply.
Then what happened next is something everyone knows—an event as the fuse, layered on top of the fragility of the chip structure, triggered huge volatility.
And now, the $62,000 and $63,000 levels combined have already reached 8%.......
(By the way, today the chip concentration is already 13%, entering the warning zone; it’s only one step away from 15%.)
Come on—give it a decisive one! 🤣🤣🤣