Analyst Murphy noted that Bitcoin has a concentration of 890,000 BTC at $63,000 and 710,000 BTC at $62,000, totaling approximately 8% of the circulating supply—a level of concentration similar to that before the FTX event in 2022, which could trigger significant volatility. Jiang Zhuo’er stated that if the CLARITY bill fails to pass before Congress adjourns, Bitcoin may complete its final decline to the bear market bottom.
Analysts predict Bitcoin's coin concentration resembles the FTX collapse, forecasting the final bear market decline.
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Summary
Bitcoin news highlights increasing coin concentration at $63,000 and $62,000, with 890,000 and 710,000 coins respectively, totaling 8% of the circulating supply. The pattern mirrors the pre-FTX collapse in 2022, raising concerns about volatility. Analyst Jiang Zhuoer warned that a failed CLARITY Act could trigger Bitcoin’s final bear market decline. Traders are also monitoring key altcoins amid shifting market sentiment.
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