Amidst sudden events such as the Binance hack, the US stock market flash crash after the midterm elections, and today's …
Amidst sudden events such as the Binance hack, the US stock market flash crash after the midterm elections, and today's news regarding Huang, the chip concentration has dropped from a high of 15% to 8%. BTC has also fallen from $84k to $73k. High concentration signals high volatility; although we initially hoped for an upward move, things went against our wishes and it fell.
The effectiveness of the indicator has been verified. The next phase may involve consolidation and chip accumulation while waiting for the next directional choice.
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