Bitcoin concentration rises to 14.8%, signaling potential volatility: analyst

Bitcoin concentration rises to 14.8%, signaling potential volatility: analyst Crypto analyst Murphy said Bitcoin concentration has risen to 14.8% and is approaching a high-risk zone, suggesting price volatility could increase. In a post on X, Murphy said the risk in this case is volatility rather than a move up or down, and added the concentration metric alone cannot predict price direction. Based on past cases, Murphy said BTC often continued moving in the same direction after the indicator stopped rising and turned lower, depending on whether the price had been climbing or falling immediately beforehand. Murphy added it is still too early to judge which way BTC will move because the indicator is still rising.