---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/44478292.md"
description: "I've noticed many stock enthusiasts are quite interested in the "Chip Concentration" indicator, so I built a tracking dashboard. The data shows that although BTC rose from 80k to 84k and then pulled back over the past two days, this isn't considered a significant fluctuation (compared to the frequent 10k swings we saw in August). The concentration indicator remains at a high level, suggesting the major move hasn't happened yet.The logic behind this indicator is: 'What percentage of BTC's cost basis is currently trapped within a narrow band of ±5% around the current price? (i.e., last traded at this price)'The more chips concentrated here, the more holders have their cost basis squeezed near the current price. Once a breakout occurs, there will be enough profit-takers or stop-losses to further drive the price.High chip concentration implies large future volatility, though the direction remains uncertain. A directional move is highly likely to occur in the final two weeks of October.$Strategy(MSTR.US)$BitMine Immersion Tech(BMNR.US)"
datetime: "2026-10-22T04:03:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/44478292.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/44478292.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/44478292.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
generator: "portal-rs"
---

# I've noticed many stock enthusiasts are quite inte…


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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**