According to CoinMeta, analyst Murphy pointed out that on BTC, the coin showed consecutive doji candles on a daily chart along with rare upward and downward spikes. Data shows that on August 1st, the concentration of chips in the range of $62,000 to $63,000 was 12.9%, involving 1.68 million BTC10. By August 3rd, this concentration rose to 12% in the range of $83,000 to $84,000, involving 1.52 million BTC. Murphy believes that the accumulation of chips and the increasing concentration are likely to lead to greater market volatility.