[Analyst: BTC Chip Concentration Approaching Warning Zone, Market May Face Major Shift] Analyst Murphy tweeted that BTC daily candles have been forming consecutive doji patterns, with rare upper and lower wicks. Data shows that on August 1, two significant chip clusters appeared in the $62,000-$63,000 range, totaling approximately 1.68 million BTC, with a chip concentration of 12.9%. On October 3, two prominent chip clusters also appeared in the $83,000-$84,000 range, totaling approximately 1.52 million BTC, with the chip concentration rising to 12%, nearing the upper warning zone. After this data combination appeared on August 1, BTC surged from $60,000 to $80,000 in just 17 days. Murphy believes that while chip accumulation and rising concentration do not indicate a definitive direction, the probability of 'increased volatility' is on the rise.