Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
BlockBeats News, December 17 — On-chain data analyst Murphy stated, "BTC's chip concentration is an effective pre-warning indicator for potential volatility. Currently, when the chip concentration within a 5% range of the spot price rises above 13%, it enters the alert zone; above 15% is considered high risk. The more concentrated the chips, the greater the probability and magnitude of volatility triggered. High chip concentration only signals volatility, not direction. Currently, BTC's chip concentration is at 11%, which is slightly above average and has not entered the alert zone above 13%. Therefore, the probability of a large fluctuation at this time is not high, and from a chip structure perspective, it does not meet the conditions for a 'chain reaction.' Next, the market will focus on the CPI data to be released at 21:30 on the 18th and the Bank of Japan's interest rate decision on the 19th. Personally, as long as there are no significant surprises, the impact on the market should be within a 'small fluctuation' range, and it won't be as intense as August 5, 2023 (when the chip concentration was 15%)."