Concentration has decreased, and chips are starting to loosen! As of August 24th, the highest chip peak at $63000 has seen a decrease in the number of accumulated chips from a peak of 122w to 98w; The insignificant change in the $62000 column next to it indicates that the short-term price increase has little impact on the chips here. As we discussed on August 21st (see citation), when the chips begin to loosen, prices will stabilize or even decline. Afterwards, a new chip intensive area will form. Because the price stagnation also provides an opportunity to switch hands. And now it seems that the range of $76000 to $77000 has the potential to become a new chip intensive area (Figure 1). In just 3 days, 32w BTC were added to this range. At the same time, we see that when BTC breaks through to $77000- $78000, There has been a strong wave of profit realization, which is also the strongest scale in the past six months (Figure 2). However, even so, the price did not significantly decrease. It's obvious that there are funds taking over here. Assuming that a new chip peak can really form around $76000- $77000, do you still remember the "double anchor structure" theory? Are you familiar with my friends who have been following me for a long time? Once this structure is formed, there is a high probability that the subsequent BTC callback will fall in the middle of the structure. That's roughly around $68000- $70000. The problem is simple, now let's see if $76000- $77000 can form a concentrated area of chips. yes! This requires a little bit of time.