Analyst: BTC concentration exceeds 13%, price may experience significant volatility

TechFlow, Dec 23 — According to on-chain analyst Murphy (@Murphychen888), the "concentration of holdings" within a 5% range of the BTC spot price has reached 13.3%, exceeding the warning threshold. Data shows that when this indicator surpasses 13%, Bitcoin's price may experience significant volatility, especially entering a "high-risk zone" once the indicator rises above 15%.