According to BlockBeats, on August 1st, crypto analyst Murphy reported that Bitcoin URPD (UTXO Realized Price Distribution) data shows a high concentration of 890,000 Bitcoins at $63,000 and 710,000 at $62,000, totaling approximately 8% of the circulating supply, far exceeding the average level.
Murphy believes that the current data shows a similar level of concentration to that seen before the FTX incident in 2022. High concentration increases the price sensitivity of Bitcoin, making it prone to violent fluctuations and ultimately leading to violent redistribution, which may become an important directional choice at the end of a bear market.
In response, Jiang Zhuoer commented that if the CLARITY bill fails to pass before the congressional recess, Bitcoin may complete its final drop from its bear market bottom.