Huo Xing Finance reports that analyst Murphy noted in a post that BTC’s daily chart has shown consecutive doji candles with rare long upper and lower wicks. Data shows that on August 1, two significant筹码 (chip) columns 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 columns also emerged in the $83,000–$84,000 range, totaling about 1.52 million BTC, with chip concentration rising to 12%, bringing the market close to the upper alert zone. After this data pattern appeared on August 1, BTC rose from $60,000 to $80,000 in just 17 days. Murphy believes that chip accumulation and rising concentration do not indicate a definitive direction, but the probability of increased volatility is growing. He expects a major market event to occur within one to two months.
BTC coin concentration near warning zone; major market shift expected
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Summary
The BTC price formed rare doji patterns with long wicks on the daily chart, signaling potential volatility. On August 1, 2026, 1.68 million BTC were concentrated in the $62,000–$63,000 range, with BTC dominance at 12.9%. Two months later, 1.52 million BTC accumulated in the $83,000–$84,000 range, pushing dominance to 12%, near a warning threshold. A similar pattern in August previously triggered a 17-day rally from $60,000 to $80,000. A major market shift is likely within one to two months.
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